Prepare your pensions for retirement

·        Consider moving your pension fund investments into less volatile investments in the run up to retirement.

·        Consider amalgamating your pension funds into one to enable one annuity purchase or income drawdown remembering to investigate costs of transfer and penalties.

·        Check for any guaranteed annuity rates and Government requirements to purchase prescriptive benefits, for example if you had contracted out of SERPS/S2P, (the earnings related State Pension Scheme to which employees belong unless they contract out.)

·        Are your pension funds written in trust in case you pass away before your annuity purchase?