Pension drawdown is a flexible way to take income from a pension pot on retirement. This is an alternative to using the money to buy an annuity (which, in return for a lump sum payment, guarantees to ...

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. If you're heading towards retirement, you may be thinking about how best to access your pension ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

The extent of the impact pension freedoms are having on the retirement income market are becoming evident. It is clear that pensions in drawdown are now the first choice product for new retirees: ...

The pension flexibilities introduced in April are having a dramatic impact on the behaviour of retirees. Many people are already opting to take greater control of their retirement finances by choosing ...

LONDON, June 28 (Reuters) - Britain's markets watchdog said it might cap charges on customers who draw on their pension pots under new "freedoms" introduced three years ago. In its review of how the ...

Retirement costs are constantly changing but one rule has stood the test-of-time to ensure retirees don’t run out of money – the 4% pension rule. Retirees have enjoyed pension freedoms for a decade ...