Pick 'n' mix for retirees

In the search for alternatives to buying a lifetime annuity or moving into alternatively secured pension at age 75, much has been made of the potential of scheme pension, but comparatively little about a direct alternative, the flexible annuity. Scheme pension is one method of taking income that is currently being actively promoted by providers. Yet the flexible annuity market continues to go from strength to strength, with London & Colonial, Lincoln and Canada Life the dominant players. There appears to be a number of similarities between scheme pension and flexible annuities and it ...