IN A NUTSHELL: Choosing the right post-retirement annuity can be a daunting task as there are so many products to choose from.
When you retire, you must move two-thirds of your retirement savings into another investment vehicle, called an annuity. In general, an annuity pays you a regular income or pension during your retirement.
Typically, you can choose between a living annuity, a guaranteed life annuity or a combination of the two called a blended annuity.
This is an important decision because it will shape your financial position for the rest of your life. There are several options available, and the right one for you depends mainly on your risk appetite. We’ve created this decision tree to help guide you through the options.
Further reading
Understanding post-retirement annuities
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