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"What, if anything, should I be doing with my pensions? Am I paying too much in charges? Should I be looking at a SIPP? What do I do - income draw-down, or buy an annuity? How often should I review my pensions to ensure that they remain in line with my projected needs?"
You can consolidate, review, leave or transfer your pensions in order to achieve better performance or lower charges or both - or to align your pensions with an enhanced investment strategy. At retirement, you can choose to buy an annuity or opt for income draw-down. What are the pros and cons? The differences are significant and the right decision will depend on many individual factors.