These were sold up to the end of the 80's and preceded Personal Pensions.
I have a fund built up and now that I am nearing retirement age I want to know what I can do with it. The Insurance Company call centre don't seem to have much of a clue about these apart from knowing that I can take a lump sum or some size or another, and their website is quite useless.
Does anyone know what I can do with the fund on retirement?
Can I indeed take a lump sum?
Can I transfer the fund into some form of income drawdown?
Many thanks in advance,