FSA releases guide on annuity choices

The Financial Services Authority (FSA) has published a guide on pension annuities and pension fund withdrawal aimed at helping consumers understand their options as they approach retirement. The booklet, part of a series of consumer directed guides published by the FSA, looks to increase understanding of the decisions that have to be taken when converting pension funds into an income that will last. The various types of annuities available are described in the guide, including level, increasing and investment linked as well as the options of using phased retirement and pension fund withdra...