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The pension reforms outlined in the 2014 annual budget mean you have greater access to your private pension savings than ever before. This opens up a wider range of options in terms of how you turn these savings into a retirement income for the next chapter of your life.
Before you make a decision, it’s important to consider all of these options carefully. There’s no one size fits all solution – the best choice for you will depend on a number of factors, including your personal circumstances and priorities. That’s why the UK Government strongly advises that all people approaching retirement seek independent financial advice before making a decision.