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Reply by Brian Johnson

Your pension decision should be taken looking at both your financial positions, so all your assets and looking at your future plans and future adverse life time events.

Choosing to transfer to a more flexible arrangement or take cash depends on your plans and your attitude to risk.

If you choose to take cash think about what are your plans for it and whether a higher guaranteed income would be better in the long run.

Sitting down and planning out your financial needs for the next 30 years will help you make a good decision now.