Helen Morrissey looks at the formation of the Pensions Income Choice Association and asks how it aims to increase peoples' awareness of their retirement income options
For many people the most important part of planning for retirement is ensuring they have saved enough money to keep them in a reasonable level of comfort. However, what people often overlook is what needs to be done with that savings pot once income needs to be taken from it. Retirees have a huge array of options available to them depending on their needs. These can include: Annuities which offer a guaranteed income for life. Enhanced annuities for those with health conditions. Inflation linked annuities for those looking to mitigate the effect of inflation over time. ...
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