蜜芽传媒

How we access our pensions was completely shaken up in April 2015. Instead of using your pension pot to buy an income for life in the form of annuity, you can now take the lot, from the age of 55. The Association of British Insurers say the majority of savers are taking a sensible approach but there are signs a minority may be withdrawing too much too soon and at rates that would see their money run out in a decade or less. There's also a growing number of people who are transferring out of final salary pension schemes, giving up an income for life in exchange for cash lump sums and the flexibility of other pension products. All these decisions need careful thought and discussion and Louise Cooper talks to experts including Nick Bamford, Chartered Financial Planner from Informed Choice, about the potential benefits and risks.

First broadcast on Money Box Live, 31 May 2017.