Journalists are wont to focus on the shift to drawdown or pensions ‘bank accounts’ as if they exist in isolation, comparing like with like and option with alternative. In fact the changes will trigger the most fundamental rethink of at-retirement advice in years.

No longer a transactional process to turn accumulated savings into income, but a phased process that will incorporate a suite of products to meet particular, changing needs. ‘Blended’ solutions are the zeitgeist.

It is no less than the introduction of holistic financial planning for the post-work (and even that may prove presumptuous) phase. Even focusing solely on the options for private pension savings misses the point: what about other wealth, or a person’s property?

This special report will examine the wider range of options and income sources, while also focusing on two distinct and evolving areas: the portfolio role annuities will come to play, and the thorny issue of when eschewing income and taking cash may actually prove to be good advice.

This special report is sponsored by Aegon. All editorial is independent.