Your Options
There are many different ways of using your pension savings to generate income in retirement and within those there are many options.
The first and most important question is how much risk do you want to take with your retirement income? If the answer is none, you want an absolute guarantee your income will not fall, then the only option you should consider is to buy a guaranteed lifetime annuity.
If you are prepared to accept some risk that your income may fall, or rise, depending on the performance of an investment fund, there are options. These range from annuities that link to the stock market or with-profit funds though to drawdown arrangements.
We can offer advice on all types of arrangements and our aim is to help you understand the advantages and disadvantages of each. There is no perfect answer – only the one with which you are most comfortable. This sums up our approach to clients. We want to help you understand what you are doing so you can make an informed buying decision. We will never try to sell you a product you are not completely comfortable with.
Use the menu in the left hand page to explore the different ways you can get income from your pension savings.
