If you are looking to withdraw money from your pension without following regulated financial advice, you may not be fully aware of the options available to you, or how your current investments can support your desired level of income.

The Financial Conduct Authority’s (FCA) ‘Investment Pathways’ framework seeks to provide you with general investment strategies that align with how you intend to access your pension over the next five years. To learn more about how Investment Pathways could work for you, you can use the Drawdown Comparator Tool (from 1 February) hosted by the Money Advice Service at www.moneyadviceservice.org.uk.

This guidance aims to make you aware of the drawdown choices you can make, and how your investment decisions can be tailored to fit with your financial goals.

Please note that James Hay does not provide financial advice, and does not offer Investment Pathways at this time; we strongly suggest that you seek advice from a regulated financial adviser. If you do not have one, you can find a list of regulated advisers in your area at www.unbiased.co.uk or by calling 0800 023 6868.