Investment-linked annuities offer you the chance of a higher income than from conventional annuities as the money from your pension fund is invested in stocks and shares.

There are two main types of investment-linked annuities:

• With-profits fund
• Unit-linked annuities

Whilst these provide you with the potential of more money for your retirement, you need to be aware that your money will be at risk and the returns you receive will be dependent on the ups and downs of the stockmarket.