Annuities and drawdown are the two main ways of using your pension pot to fund your retirement. But how are they different? What option is best for you? And what risks do you need to be aware of? Our ...

PFRDA's new NPS retirement income scheme allows phased withdrawals while keeping pension corpus invested longer ...

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, ...

The government has amended legislation to allow Nest to provide "flexi-access drawdown" as the Pension Schemes Act introduces ...

Legislation enabling Nest Pensions to offer flexi-access drawdown and related retirement and death benefit options to its ...

Savers approaching retirement usually either buy an annuity that pays a guaranteed income for life (but with no prospect of further investment growth) or draw income directly from their pension funds, ...

Providers of drawdown products should be required to develop charge-capped default products to help disengaged savers make their pension last, the Work and Pensions Committee has recommended. In a ...

Nest is now able to expand the range of retirement options offered to its 14 million members, allowing it to offer ...

NPS Scheme: The pension regulator has launched Retirement Income Schemes (RIS) along with new drawdown options, allowing ...