Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Pension drawdown is a flexible way to take income from a pension pot on retirement. This is an alternative to using the money to buy an annuity (which, in return for a lump sum payment, guarantees to ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

Paul has long worked in financial services research, currently specialising in pensions and retirement planning. More people are using pension drawdown to access their retirement savings. Nearly ...

If you're heading towards retirement, you may be thinking about how best to access your pension pot. Regardless of the type of pension you are savings into, pension drawdown offers one option for ...

Choosing the wrong pension drawdown provider to access your pot could wipe thousands of pounds off your savings. Drawdown is where you convert your pension savings to an account which allows you to ...

Understanding how to use your pension provides a secure and stress-free retirement. Phil Oakley looks at what to consider ...

Savers are anxious to take advantage of the pension freedoms, but many workplace schemes still offer only annuities, says BlackRock's Paul Bucksey. Many people are already opting to take greater ...