The Financial Times ran a 2-page feature on how to make the most of retirement savings. There is now a wide range of alternatives to the traditional annuity, including fixed-term annuities, investment-linked annuities, with-profit annuities, and the capped drawdown and flexible drawdown schemes. While some of these pose risks, the conventional level annuity also carries the risk that its real spending power will shrink in line with inflation.
For many people, it makes sense to review all the options before making a decision. We can provide comparisons and explain the pros and cons.