One of the Coalition Government's flurry of announcements before the summer recess was about pension reform. They said that legislation would be introduced, as a matter of urgency in 2011, to permit private pensions to be fully converted to cash, instead of pensioners being obliged to purchase an annuity with a pitiful return.
I am a rare visitor to this newsgroup, but wonder if any professionals can cast further light on this. I've done a cursory search, and don't t-h-i-n-k that the subject has been addressed before.