As pension changes come into force what impact will it have on your retirement fund?
As announced by Chancellor George Osborne in his Autumn Statement and expanded in last month’s Budget, people aged 55 and over are now able to cash in their pensions and spend them as they wish without the need to use their pension pot to buy an annuity when they retire.
The benefits and potential risks of the changes have been well debated. To help you understand your options and the impact of the changes on your personal finances, we asked our partners at Barclays Wealth and Brewin Dolphin to contribute their thoughts on the changes.