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, ...

If you're heading towards retirement, you may be thinking about how best to access your pension pot. Regardless of the type of pension you are savings into, pension drawdown offers one option for ...

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 ...

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 ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Choosing the wrong pension drawdown provider to access your pot could wipe thousands of pounds ...

‘Pensions freedom’ as announced in the Budget provides defined contribution members with full flexibility and choice over their retirement income from next April. All schemes must offer flexibility to ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

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 ...

When you stop working is up to you, but whether you can afford the retirement lifestyle you want all comes down to how much you've managed to save. In a 2025 survey carried out by Which?, 49% of ...