Im a believer Comment is free guardiancouk

So someone in the government decided to give them a break and set up a special arrangement in the last finance bill for them, called an "alternatively secured pension" or ASP. Under an ASP, you just keep your pension invested and either ...If it suits, you can defer taking any income until age 75 at which time you will either have to take what is known as an alternatively secured pension or purchase an annuity. The most likely course of action will be to buy an annuity. ...The flexible Sipp can potentially reduce the level of taxes payable on death by allowing members to use a scheme pension rather than an alternatively secured pension , which can be taxed at 82% on death. ...

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income drawdown instead of a pension annuity

provided you do not require a cast-iron guarantee for your income in retirement, and are comfortable to continue to invest your funds, then you can use what is known as income drawdown, or the alternatively secured pension. ...The GLObal blog directory Search results for: alternatively secured pensiononce you reach 75 you have to either buy an annuity or use an alternatively secured pension - which is similar to income drawdown but with stricter income limits. this option is only open to pension funds ...there is an argument that pension fund monies can remain in an alternatively secured pension. there is already an annuity from lincoln which can be investment-linked over age 75, with flexible income up to 120 per cent of the annuity ...new legislation attacks artificial capital losses and managed service companies, restricts the use of alternatively secured pensions and penalises certain promoters of avoidance schemes. capital losses ...

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thousands of retirees face drop in annuity income

... fact that once the plan holder reaches age 75, the pension fund must either be used to buy a pension annuity or transferred into a different, and less attractive, drawdown arrangement called an alternatively secured pension . ...unsecured or alternatively secured pensions carry both the investment risk of the invested pension fund and mortality drag that occurs from the loss of cross-subsidy and advancing average age expectancy that occurs in the time over ...

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