Financial advisers pick their best buys for a worthwhile income in retirement Under the new pension freedoms that began earlier this month, anyone over 55 can take control of their savings and manage it how they want. Related: New pension rules: the most commonly asked questions Related: Is the pensions guidance worth taking.
Most prudent savers have adopted a “wait and see” approach rather than rushing to make decisions in the first two weeks of the new pension freedoms. They now have unrestricted access to their pension pots, whereas in the past many had no option but to buy an annuity. For some a reliable income will be the priority, whereas others will focus on what they can leave to their children.