Making the right choice with your pension fund has become even more difficult with the introduction of the new reforms. We have summarised the key advantages and disadvantages of the main options. It’s also important to note that you don’t have to make a commitment to one option; you can mix and match to suit your needs. As an example, it might be prudent to take out an annuity to cover your fixed monthly outgoings and use flexi-access drawdown to provide some flexibility.
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