Q&A: Christine Hallett

How do you think clients will use flexible drawdown? To an extent, there has always been a degree of flexibility with various drawdown options available. The key changes coming out of the recent pension reform are the abolition of age 75 and new flexible drawdown. In reality, the amount of individuals these changes will affect are few and far between. A recent survey by Datamonitor suggested that in 2010 around 300,000 people retired on pension pots valued at just £20,000, with only 3,000 people retiring on pots of £200,000 or more - this is the size of pot one would need to consider fle...