You get the choice – or a combination of the two. At the end of your chosen duration, the full value of the pension can be sent to any bank account in your name, or quickly and easily converted to an account type with Investors Trust which is designed for holding accumulated assets with the ability to pay out a regular amount, rather than receive a regular amount. You can also choose to split your pension value, withdrawing some of it as a lump-sum payment and receiving regular payments from the amount left invested.