A client reaching retirement with a substantial money purchase fund is faced with many choices. One ...
A client reaching retirement with a substantial money purchase fund is faced with many choices. One may be whether to take pension benefits at all, or to defer that and live off other assets, or perhaps to take benefits from some plans and defer others. Having made that decision, there is a choice between conventional annuity, investment-linked annuity, income drawdown and phased retirement, taking into account the many variants and hybrids now available on the market. This choice may be largely driven by three main considerations: The relative importance of death benefits and survival be...
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