I am 70 and live off a successfully invested £220,000 pension fund, but at my age should I buy an annuity? Steve Webb replies

I am 70 and live off a successfully invested £220,000 pension fund, but at my age should I buy an annuity? Steve Webb replies

I am 70 years old, in reasonable health and currently have a pension pot of £222,000.

This pension is with Aviva and I draw down £1,000 per month.

I believe my pension fund has done reasonably well and fallen around £33,000 since I started to draw down six years ago. Retirement plan: I live off a successfully invested £220k pension fund, but should I buy an annuity? (Stock image) My wife has a small private pension as well valued at £42,000 of which she draws down £350 per month.We both receive state pensions. My question is when or should I change […]

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