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Annuity or SIPP/Flexi Drawdown
Comments
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Yes, if you are OK going diy then it makes a lot of sense to transfer to a sipp.
I use AJ Bell Youinvest for my flexi drawdown and would recommend them as would work out quite a bit cheaper than HL whether you are investing in funds or investment trusts etc.
To compare providers have a look at the monevator comparison page
http://monevator.com/compare-uk-cheapest-online-brokers/
and also diy investor http://diyinvestoruk.blogspot.co.uk/2016/08/selecting-your-diy-pension-platform.html
So far as funds etc. you could keep half in cash and invest the other half in Vanguard Lifestrategy 20 or 40 for a fairly simple option. The other route may be a basket of investment trusts.
Agree with all this, the VG LS funds sound great for you too. Read as much on monevator about them as you can, should make your decision a little easier.0 -
Purchasing an annuity doesn't mean starting drawdown. That's for buying an annuity from an insurance company.0
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