I'm approaching 65 and have three pension funds that I need to do something with. With the current economic downturn we probably do actually need to turn them into some income rather than just sitting on them for a while.
It seems that the only real options are to leave them with the existing providers to buy an annuity or to go for the 'open market' option to take the money out and look for the best place to buy an annuity.
So, how do I choose a good independent adviser? I have a couple of possibles (one pointed to by HSBC, one recommended by a friend) but haven't a clue really as to whether they're any good. Alternatively I suppose I could just do it myself, save the cost of the adviser but not make such a good choice, probably.
Any/all advice and ideas would be very welcome.