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...
It's not a legal obligation
Men and women working longer
Cental banks' credibility could be called into question
Decision due by the end of the year
FCA costs increased in 2015/16 despite Commission's recommendation