Q A FRIEND has taken a lump sum from his pension and he's only 54.

How can he can do this?

A ONCE you're 50 (55 from April 6, 2010) you can take a lump sum and your pension benefits.

Q WHAT'S a mortgage protection policy?

A A LIFE policy to cover a repayment mortgage.

Q I'M 62 and retiring but my pension fund is only pounds 8,000. Do I have any other option to a small weekly pension?

A IF all your pension funds are less than pounds 16,500 for 2008/ 09 and you are 60 to 75 you can opt for a lump sum.

FOR detailed advice speak to a financial adviser. For a free guide to any of these issues call 0800 544 644.

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