In the first of a series on what to attain with your pension money now you don't have to buy an annuity,we observe at the options for those with the average potHow can pensioners avoid financial sharks desperate to seize a slice of their pension pot at retirement? What can and should they attain with their money now the rules have changed? Over the next four weeks Guardian Money will examine the choices that retiring workers face, ranging from people with relatively low savings through to those who have built up large pension pots.
To start, or let's observe at an employee retiring on the average sized annuity. It may come as a surprise to many people that the figure is low – just £40000.
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Source: theguardian.com