How pension reform gives clients more options

Reform of retirement income rules has brought flexibility to many peoples' financial plans. However, what issues do people need to bear in mind when opting to use flexible drawdown? Firstly, I don't think that many people will be using flexible drawdown due to the high £20,000 per year that the client needs to have to meet the minimum income requirement. The Pensions Policy Institute recently did some research that confirmed that this is the case. Even if you can take advantage of flexible drawdown, there are still big issues that need to be considered - most notably the income tax charges...