When it comes to retirement, we are all uncertain about what the right kind of investment vehicle should be. Do we take out an annuity or drawdown from an investment? Both are viable options, and you could even have a combination of both depending on the size of your pension pot, your retirement expectations, life expectancy and risk appetite.
An annuity is a product you buy with your retirement money in exchange for a guaranteed fixed monthly amount for a fixed term or for life. It provides certainty and stability during retirement. Usually those with a limited pension pot prefer to buy an annuity to guarantee an income without having to worry about the future.
Pension drawdown allows you to keep your retirement money invested, and income is determined by the performance of the funds invested or your needs. It is not guaranteed for life, but you do have the choice of withdrawing as much as you need at any given time, subject to funds being available. When you die, the remaining balance will go to your beneficiaries. *
Annuities
Pension Drawdown
Both options are suitable sources of retirement income, but it will depend on your financial situation and needs at retirement, and if you want to pass on an inheritance to your children. Contact your deVere adviser to assist with choosing the correct retirement options for you. [email protected]
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
deVere India’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere India’s Head of Public Relations on [email protected] or call +44 2071220925
Date for the month ending August, 2024
Sr. No. | Received From | Pending at the end of the month | Received | Resolved | Total Pending# | Pending complaints > 3 months | Average Resolution Time^ (in days) |
---|---|---|---|---|---|---|---|
1 | Directly from Investors | NIL | NIL | NIL | NIL | NIL | N/A |
2 | SEBI (SCORES) | NIL | NIL | NIL | NIL | NIL | N/A |
3 | Other Sources (if any) | NIL | NIL | NIL | NIL | NIL | N/A |
Grand Total | NIL | NIL | NIL | NIL | NIL | N/A |
^Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month. If you have a complaint, send it to this email, [email protected]