QUESTION:
Can’t I just switch companies later if my pension firm turns out to pay a low rate?



ANSWER:
Unfortunately not. Turning a pension fund into an income for life is a one shot deal. You’ll get a brief cooling off period when you do it. But after that you can’t change your mind or get your money back. That’s why it is so important to research the market properly, get all the right information and advice and pick the best pension annuity first time.