We use cookies on all our websites to gather anonymous information about your visit that helps us to make improvements and increase performance. By continuing you are consenting to these cookies.

If you would like more information or would like to change your cookie preferences, please visit our cookies page.

Not just pension pot luck: What's better, annuity or pension drawdown?

27 April, 2016Lew Mayhew
An annuity has a magnetic attraction because the money only runs out when you die. But is it really the hedge against becoming penniless that you think it is and are there better alternatives? Until recently, nobody bothered to ask this question since the pension rules were clear: take the 25 per cent tax-free lump sum now and annuitise the rest.

Lew Mayhew takes a look at the benefits of annuity versus pension drawdowns, and explores which pension option is better.

Download and read the full Industry Insights article here.

Please note, this document is a PDF and to view it you will need download it to your device or view it using Acrobat Viewer.
This article first appeared in Financial World, the journal for The London Institute of Banking & Finance.