Understanding the options

The changing pension and retirement landscape mean that employees have a number of options to consider. They save for many years into pension plans and other forms of investments to fund their retirement income, but are often left without any guidance at the point of retirement - just when they need to make what may be the biggest financial decision of their lives. With legislative changes such as the removal of the default ­retirement age and the requirement to buy an annuity, together with revised drawdown pension options and the introduction of auto-­enrolment, the provision of financ...