Navigating Pension Drawdown Options

This chapter explores the evolution of pension drawdown options since the introduction of pension freedoms in 2015, emphasizing the shift from annuities to drawdown for retirement income. It highlights the importance of selecting the right provider, comparing services and fees, and the need for ongoing management and annual check-ins to ensure financial stability. Additionally, the chapter discusses the implications of withdrawing an entire pension pot, stressing the significance of individual circumstances and strategic planning five years before retirement.