Question: In the Pre-Budget Report the government decided not to change tax rules to allow further development of third way products. What effect do you think this decision will have on these products as well as the decumulation market as a whole?

Nick Bladen is head of pensions marketing at Skandia Naturally clients and advisers are looking at what alternatives exist. The changes some had hoped for have not been forthcoming, so providers and advisers need to look at how creative they can be in constructing solutions for clients within the confines of the current rules. In this situation, income drawdown remains an interesting and highly attractive option for many. Its flexible nature means that an investment strategy can be individually tailored for each client - no matter how cautious or aggressive their attitude to risk. The evo...