The decision is yours

Retirement heralds the single largest investment decision many people will ever make. Converting a pension fund built up over a working life into an income stream expected to last for years into the future is a huge step people can't afford to get wrong. Lifetime annuities remain by far the most common method for retirees to make the switch to the decumulation phase of life, accounting for over 90% per cent of the £12.6 billion market by volume and about 80% per cent by value in 2006, according to the Association of British Insurers. Given the fact that once a lifetime annuity is purcha...