In this month's Inquiry, Helen Morrissey assesses the results of our survey on the at-retirement market and asks how the advent of flexible drawdown will affect the market
The relaxation of the Age 75 rule and the introduction of flexible drawdown will have a huge impact on many people’s retirement planning. With the effective compulsion to annuitise now removed, clients can remain in drawdown indefinitely if they choose. Obviously, this has a huge effect on advisers as they need to manage their clients’ investments for longer. In the case of flexible drawdown, they will also need to advise clients on the most tax-efficient ways of extracting income from their pension. In this Retirement Planner Inquiry, we asked advisers to let us know how these cha...
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