Better Pension Choices

Many people will be counting down the time to the day they can retire, put their feet up and do all the things they have dreamed of doing. But before that they have some important choices to make about their pension. Giving members some choice has long been a part of the DB pensions system. The opportunity to take a tax-free lump sum at retirement or, prior to retirement, take a cash equivalent transfer value are both long established options which are available to all. However, over a number of years we have seen more and more pension schemes add new options to the menu such as pension increase...