A slice of the action

In the good old days, retiring and buying your annuity was a one time event, but this is no longer the case for many individuals. Pension fund withdrawal was established in the mid-1990s, and is now a mature market, and the pensions simplification era clearly established income withdrawal within the mainstream. Many individuals now wind their work commitments down over a five, or even ten year period, and so need a facility that allows them to feed in their retirement income in slices. Income drawdown is often the method of choice for these people. Typically they access their pension co...