The Third Way
Another popular retirement option is the 'guaranteed drawdown' plan which comes in many guises. Often know as the 'third way' these retirement solutions attempt to occupy the middle ground between annuity and pension drawdown; their aim to achieve the best of both worlds by securing a guaranteed pension income whilst retaining access to pension savings.
These plans can be useful and we will review your overall situation to determine if the 'third' way' is appropriate for part or all of your pension fund. Often the sensible solution is to combine the traditional fixed annuity with a “third way" option so you achieve a level of secured income with an option of flexible income.
Given the complex nature of the retirement market we will review all the choices available and help you make an informed choice which works best for you and your family.