Should I buy an annuity now that my pension pot has fallen in value, or wait?

There isn’t a one‑size‑fits‑all answer. AnnuityA product you can buy which pays out a guaranteed, regular stream of income. They are most often purchased by retirees to convert their retirement savings into annual income packages. income depends on both annuity rates and the value of your pension pot. If markets have fallen, locking in today could mean a lower starting income, but annuities can still offer valuable certainty and peace of mind. You may end up waiting a long while for markets to recover, by which point annuity rates may have fallen themselves. Some people choose to wait, or only annuitise part of their pension, to keep flexibility.