I think as long as you use appropriate channels the lessons have been partially learnt though there are still small scale ne’er do wells about. You probably will have options to either take it as an annuity (assuming it is a DC fund and not a DB) or possibly transferring into a SIPP with someone like Hargreaves Lansdown(others are available) where you can optionally invest it still but drawdown also using the new mechanisms that are available. But as per earlier post, all depends where this pension sits in your planning/requirements as to what to do. Think you can access advice through pension wise or some such unless your employer/sector has some financial advisors to do with your other pensions who maybe able to advise on all your situation rather than each individual potWhat scares me with the current uncertainty is what happened to my father in law who was hit by the Equitable Life scandal. He'd saved a big pension pot, then all the Equitable Life pensioners ended up getting ripped off when it went tits up. He managed to salvage only about a third of his hard earned pension pot through the legal processes. It's always put me off.