Re: Leaving a company pension scheme
Quote
Rail
One thing to bear in mind, my understanding is that when you take the final salary scheme, the pension fund simply buys an annuity with the money. Annuities I believe (and I stand to be corrected) are not good value for money at the moment. I have switched my pension to a drawdown with an external provider.
Drawdown is fine... unless you live a long time and your pot runs out.
If you take the scheme as envisaged its guaranteed for life.
It's a gamble on how long you are going to live!