A pension is a way of saving for your retirement. Hopefully by the time you retire you'll have built up a substantial pot. At that point, you have to turn it into an income.
Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.