The days where you took you’re tax free lump sum and bought an annuity with the remainder are long gone. Drawdown allows you to draw an income from the fund and leave the remainder invested, subject to HMRC and Government rules.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Mark Till Mortgages & Financial Services do not provide advice on pensions and investments, but we can pass your enquiry on to an expert..