Vince Smith-Hughes assesses the key issues that need to be taken into account when conducting drawdown reviews
Believe it or not, it is now more than five years since A-Day. We have seen numerous changes to the pension rules since then, with one outcome being that many drawdown plans will now be coming up for a formal GAD review. These reviews are likely to throw up a whole host of issues for advisers and clients to get to grips with. However, there are also some significant external influences that need to be considered, including: The current market volatility The reduction from 120% to 100% GAD for income purposes The struggle to recover from September's very low 3.25 gilt ...
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