The “lump sum”; what is that anyway?

Can everyone make this retirement choice?

When can I withdraw a lump sum?

Can I also defer the lump sum to a time after my state pension date?

What happens if I defer the lump sum and I die before the payment date?

How much can I withdraw?

Does this choice apply to both my DB pension and DC capital?

What are the possible consequences of this choice?

Can I already gain insight into what it means for me personally?

I am thinking about retiring. Is it wise for me to wait with this until this new option is available?