Taking out everything from your Pension Fund(s)

[Skyedriver]

I read in the Torygraph today that a large number of Pension Providers won't be allowing you to take out ALL of your money once April arrives after all. Or there'll be huge penalties to pay.
Apparently the Govt. just said it was a recommendation not mandatory....

[Skyedriver]

Apologies but not sure what you mean by DB & DC Schemes.
I have a number of old pension schemes from past employment,
IIRC
26k
17k
7k
If I were to transfer the 26k one to another provider I would get 22k due to Market Adjustments but the annual pension it would provide as an annuity is around £900. About 4% P/A
I'd rather take everything out (in stages) and put it into an ISA as I reckon I could get a better deal in equities and if I draw some of the capital in my late 60's/70's it wouldn't matter too much as when I get older (80's) I wouldn't need as much money (due to stopping driving less active etc. I have already received some documentation a while ago suggesting they wouldn't allow a full cash withdrawl however.