For people who are looking towards their retirement, it isn't the stigma of retirement itself, but the one looming question 'Will I have enough retirement income to live off?'
Since the Maxwell scandal of the 1980's doubt has been poured on the pensions industry as company pension funds were plundered. It has taken some time for consumer confidence to grow in light of the £440 million pound that was taken from the Mirror pension fund. Confidence has somewhat returned, however these people who had pensions at the time are now reaching the decision making period of how best to take their pension.
For people with pension funds that have successfully reached their golden age of 60 or 65, the ultimate decision then lies with how they then buy their retirement pension and which annuity is the best option from them to take? (more...)