Opinion Former Video

Your retirement, your choice - understanding the new pension freedoms

This Association of British Insurers' (ABI) video aims to help pension customers understand their choices when it comes to making important decisions at retirement, including speaking to the Government's free and impartial Pension Wise service.

Video Script 

From 6 April pensions customers will have more freedom over how they take their money from their pension pot.

Reforms introduced by the government mean your options include:

Taking some or all of your pension pot as cash

Keeping the money invested and drawing a regular income

Buying an annuity

OR any combination of these

Change can be confusing.

But the Association of British Insurers’ guide aims to help you understand your choices when it comes to making important retirement decisions. 

CHANGE

Retirement is changing. Understand what it means for you.

HELP

Visit the Government’s Pension Wise website for free, impartial advice.

OPTIONS

Take some or all of your pension as cash, leave it invested or buy a product like an annuity to give you a guaranteed lifelong income.

INFORMED

Make sure you get all the info before making a decision.

CAUTION

Beware of scams. Too good to be true? It probably is.

ENJOY

Saving and making an informed decision will help you enjoy your retirement.

Visit the Government’s Pensions Wise website at: www.pensionswise.gov.uk to help you understand your new pension options.

For more information from the ABI, visit  www.abi.org.uk/yourchoice.

It’s Your Retirement. Your Choice.

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