If you’re approaching retirement, you’d probably love to know the answer to that one. And that (unfortunately!) means looking at some numbers.

But before we get to those, let’s get the goalposts in place. The first thing to understand is that you can’t make a straightforward comparison between annuities and drawdown. This is because they are very different beasts, working in completely different ways

This is an article I wrote and was published on www.unbiased.co.uk in January 2016