Splitting a pension fund could give a better return - LV=

Using an example of a 56 year old with a £100,000 pension fund, the insurer says the best standard lifetime annuity available would give them £4,709.64 per year for the rest of their life. LV= head of distribution retirement solutions Steve Lewis says: "Most consumers are not aware they can split their fund and take some of it as tax free cash and some of it as structured income." One alternative could be purchasing a fixed term annuity for nine years using £50,000 of the fund. This would give them £2,075.00 a year for nine years with a guaranteed maturity value at the end of that per...