Phased retirement allows you to buy an annuity or income drawdown plan in stages rather than all at once. Your pension fund is transferred into a personal pension plan. This is divided into lots of different segments which are known as arrangements You then cash in as many of your pension plan arrangements as necessary to provide your chosen level of income you need.Find comparisons to help you choose the right annuity from providers.Look for publications on phased retirement planning and product comparisons.