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

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

Tens of thousands of savers with large pensions are making withdrawals at such rapid rates that they risk running out of cash in retirement, new data from the Financial Conduct Authority (FCA), the ...

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, ...

Many people retiring now also want to take advantage of the greater pension freedoms next April. They may be thinking about using a drawdown pension to avoid buying an annuity, but they should tread ...

‘Pensions freedom’ as announced in the Budget provides defined contribution members with full flexibility and choice over their retirement income from next April. All schemes must offer flexibility to ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

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 ...

The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable ...

Let young Britons access state pension early and retire later, think tank urges - Those under 40 could withdraw a £12,500 lump sum under the proposals ...

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday announced a new retirement income scheme and drawdown ...