Scheme Pension: When is it right?

Many end of year round ups have focused on the problems experienced by IFAs and clients facing formal drawdown reviews and the change in method of pension receipt to capped drawdown. Several factors such as the underperforming investment markets and reducing gilts yields could have been featured in possible future scenarios when income drawdown was first proposed. However, the Government review of the Actuary's drawdown tables as well as the draconian removal of the 20% uplift over standard tables may not have been and the latter has the most significant influence on maximum income reduc...