Annuities vs Drawdown: Understanding the Key Differences for UK Pensioners
Overview of UK Pension LandscapeThe UK pension landscape has experienced significant transformation over the past decade, fundamentally reshaping how individuals approach retirement income planning. With the introduction of pension freedoms in 2015, retirees gained unprecedented flexibility in accessing their defined contribution pension pots, moving beyond the once-standard annuity purchase. Today, UK pensioners face a pivotal…