you get tax money back from the gov when you pay in to a pension. Instant 20% gain versus any other investment. Wait until 55, take 25% out tax free and pay mortgage off with the lump.
You can take the 25% and leave the rest to carry on accumulating. It's only if you buy an annuity or similar that triggers monthly fixed payments. Gideon removed the whole annuity racket allowing pensioners the option to pick what they felt was the best option.
you get tax money back from the gov when you pay in to a pension. Instant 20% gain versus any other investment. Wait until 55, take 25% out tax free and pay mortgage off with the lump.