Those approaching retirement can choose the type of income they want to receive: guaranteed or flexible. But which option is right for you?
Since 2015, retirees have had far more choice in how and when they access their pension savings. In the past, it was the norm to purchase an Annuity to secure a guaranteed income for life. However, retirement lifestyles and aspirations have changed enormously over the last couple of decades and, as a result, many are favouring a more flexible approach to income.
A guaranteed income
If you have a ...