When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

Set to come into effect from April 1, 2025, the Unified Pension Scheme will be available to eligible central government ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump ...

Making pension withdrawals without first seeking advice could affect your tax bill and entitlement to benefits ...

It's a common lament that old-fashioned defined-benefit pensions—the kind that pay a guaranteed monthly income for life—are rare nowadays. And for public-sector employees, they might become ...

you'll avoid the temptation to run through your pension stash. But there are other factors to consider, too. For more see What are the advantages of taking a lump sum?

One in five (21 per cent) people who withdrew a cash lump sum from their pension pot did so as soon as they turned 55, despite many not understanding the consequences of doing so, research from Legal ...

New research from Legal & General (L&G) reveals that one in five (21%) people who withdrew a cash lump sum from their pension pot did so as soon as ...

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher than the return I would get on the lump sum. There are certainly some ...