An Enhanced Annuity pays a higher income in retirement if you have a medical condition that may reduce your life expectancy.
At Retirement
In this section, we have explained some common retirement options in plain simple language.
Income Drawdown is a more flexible alternative to the traditional annuity route, offering greater choice and control for many people.
On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your pension savings and the options you have in retirement.
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The chancellor was speaking at the end of the International Monetary Fund meeting in Washington.
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