When George Osborne announced Pensions Freedoms on 19th March 2014 the retirement market changed overnight.
If you have a personal pension and are over the age of 55, instead of purchasing an annuity (income for life), you can take money out of your pension pot in any way you want - As a cash lump sum, as an annuity or by way of pension drawdown. You can take your money in one go or in stages and when you die you can leave your remining pension to your family.
However, freedom is not license. Just because you have freedom it does not mean you should spend your pension pot unwisely - This website is dedicated to helping you spend your pension pot wisely.