Expert Pensionlite adviser Louise Morgan explains
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people. The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested. When it comes to taking your pension in retirement there are several options available to you; including pension drawdown, buying an annuity or taking a lump sum from your savings. Below are three ways to take your pension in retirement.
It is a decision not to be taken lightly