I’m in my very very late 50s (won’t be on Saturday though) and a few pension plans I took out years ago were due to pay out at 60. I’ve a few more that are due to “mature” at 65.
Making a few phone calls to Standard Life, Aegon, Clerical Medical, I find that there’s no such thing as maturing, and I can choose to keep my funds in there (I’m not paying any more into those, and haven’t done for a few years) or buy an annuity.
I’m not really in need of the income at the moment as I haven’t retired, and don’t really expect to for several years.
Some companies are keeping my share in a with profits fund, some in a cash fund and I’ve got no idea what’s good and what’s bad.
Where can I go to get sensible advice, and maybe to get an understanding of how to interpret all these numbers.