What you need to know about funding your golden years
City regulator the Financial Conduct Authority (FCA) plans to make it easier to shop around for an annuity by forcing pension companies to show how much more you could get from a competitor.
However, this will do little to help the growing numbers who are now opting for income drawdown, a potentially more rewarding but riskier option.
An annuity is a guaranteed income for life that you buy with your workplace or personal pension at retirement.
Currently, 60 per cent of people do not shop around to find the best deal on the market, even though this can dramatically boost... read more
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