Pension drawdown is a way of taking cash out of your pension pot and funding your lifestyle in retirement. But how does it ...

Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

From the blog: The lead-up to the launch of the pension reforms in April last year created pent-up demand in the market, resulting in many opting to take advantage of the new freedoms and draw down a ...

With annuity rates rising sharply in recent weeks, a number of IFAs said a combination of drawdown income and annuities could be the best approach. Last week, average annuity rates hit a 14-year high, ...

Write to Pensions Doctor with your pension problem: pensionsdoctor@telegraph.co.uk. Columns are published weekly. Becky O’Connor is away. Good afternoon, My wife retired two years ago, and I’ve just ...

Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek ...

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 ...

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, ...