Hybrid pension schemes

For retirees who need a pension income, but don’t want the risks of income withdrawal and are not ready to commit to an annuity, hybrid products offer a mixture of a regular income and guarantee of investment growth - although you generally have to give up some investment growth potential to pay for the guarantees.

See also: Enhanced annuity, Open Market Option, Income drawdown, Capped drawdown, Flexible income drawdown, Annuity

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