You can delay taking money from your pension pot to allow you to consider your options. Reaching age 55 or the age you agreed with us is not a deadline to act. Delaying taking your money may give your pension pot a chance to grow, but it could go down in value too.
Your policy can be extended to a maximum age of 75. You will need to choose one of the other options by the time you reach 75.
If you are an Equitable Life policyholder, and the Proposal goes ahead, the options you currently have will continue to be available.
Please read about Pension Scams and Pensions Advice.