Making the most of your pension

We have some changes in the income drawdown market recently, but for most people the annuity is likely to be the most suitable option. Obviously, you need to look at individual circumstances. Flexible drawdown was a bit of surprise for many of us in this industry. We didn’t expect [the] government to come up with a whole new product concept. The Pensions Policy Institute (PPI) has done some research about the number of people who might use it and they said ­something like 2% of today’s 55-75-year-olds could use it. This is not a huge number of people, but as people build up more...