Which retirement income stream is best for me?

Having a regular income in retirement is a fundamental part of retirement planning but there are lots of other things to consider as well. Having access to extra cash may be very important to meet special needs. A range of other factors – property, inheritance, health and the uncertainties of life in general – can also influence your decision.

When choosing the right product for you, you need to consider:

• the degree to which you want to control your investments – do you want to take an active role in managing your investments or leave it to a manager?
• whether you will require access to your capital
• whether you want the ability to alter your investment choices, and/or
• whether you want the ability to alter the income level each year.