The cost of delay

As the industry prepares for the introduction of flexible drawdown advisers will be keeping a close eye on which providers will be offering the service from April. So far several providers, mostly the smaller SIPP firms have said they will be ready on time with the larger pension providers mainly deciding to focus on introducing capped drawdown for April with flexible drawdown following later in the year. So how much demand will there be for flexible drawdown post April and what are the potential issues the industry could face? Alliance Trust’s head of pensions, Steve Latto confirmed the...