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.
I'm looking for what to do with my pension pot in a few months when I retire. My wife feels strongly that when we are retired, possibly facing unknown physical and mental health conditions we do not want to be having to take action, research data or make decisions about our income, or even face the volatility that equity investments may bring.