Standard Life has cut its income drawdown minimum from £50,000 to £30,000 in response to yesterday’s Budget announcement.
The provider said the move would assist people who will not be able to benefit under the new trivial commutation rules. It said rather than delay retirement, they can take a tax free lump sum immediately...
Will offer Rfolio range
Younger HNW investors prepared to pay more than over-40s
Many opt for unregulated investments without advice
Follows departure of Caspar Rock
Follows launch of active ETFs