Drawing Pension Benefits Flashcards
1
Q
What are the two main types of accessing benefits?
A
1) Secured Pension
2) Drawdown Pension
2
Q
What are secured pensions, who are they suitable for?
A
No investment risk
Suitable for risk averse savers
3
Q
Give two examples of secured pensions
A
1) Scheme Pension
2) Lifetime annuity
4
Q
A
