Insurers to launch lower-cost pension plans

The prospect of a price war in pensions was raised by the Sunday Times, which quoted insurers as saying that the abolition of restrictions from next April meant they could reduce or eliminate a lot of charges.

In fact, it is not just about the charges. We expect many very different types of plan to be launched to facilitate regular income withdrawal from pension plans. Which of them best suits you will depend on many factors and to make the most of the funds you have accumulated you will need comprehensive advice.