The big three: Factors to consider when putting off an annuity purchase

The Chancellor's 2014 Budget delighted many by giving people the ultimate flexibility in when and how to take their pension savings. Given these changes deciding whether to convert a pension fund into an income now is a tricky decision. Many people may choose to defer taking pension benefits until April 2015. And that may be a sensible decision - for example, for those who want to take their funds wholly as a lump sum, or those who wish to take advantage of new flexibility and the increased choices available. However, for the many people who still want to use their pension fund to pro...