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 ...

Pension drawdown allows you to shape your retirement around your lifestyle. Most of the time allows you to be flexible and take out the amount you want as and when you need. A drawdown pension allows ...

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 ...

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 ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

Managing your money in retirement comes with significant challenges, including the risk of overspending and running out of funds in old age. Cost-of-living pressures have only made things more ...