"The best performing pension could produce more than three times more pension income than the worst performing one. The really bad news is that your pension fund is more likely to be amongst the bad than the good" The Observer
If you are nearing the age at which you are planning to start drawing benefits from your pension scheme you must seek specialist advice.
If you are a member of a personal pension plan or other money purchase scheme your choices are almost endless. You may select, for example, a level pension or one which increases each year. You might wish to provide a pension for your spouse/partner if you were to die first (or you might not!).
You might wish to consider a flexible annuity option. If you are a member of a final salary scheme these options may still be available but with potentially greater complications. How to work your way through this maze?