In these troubled financial times, there is a great deal of uncertainty. This is most definitely the case in repect of pensions and annuities, especially with the value of pension funds being lower for current retirees. People are considering delaying their annuity purchase, which is understandable. However, are they really sure about what to do…probably not.
My message here is if you have concerns about what to do, take advice from a specialist. You do have options, and they might need explaining to you. You don’t have to buy a pension annuity with all of your fund. Some could remain invested to catch up with value over the coming months and years. You don’t have to cash in your pension fund when it is at a low point.
So, get someone on your side, someone to work with you on this very important financial decision.
