How flex drawdown can boost retirement income

In an environment of disappointingly low gilt yields and subdued interest rates, it is little wonder that there is increasing interest from pension investors in exploring ways of increasing their income. The yield on gilt rates is residing at a rock bottom rate meaning those pensioners using capped drawdown have suffered an unwelcome drop in their income. In contrast, flexible drawdown has provided investors with the freedom to dip in and out of their pension pots as and when they like, regardless of the falling GAD maxima. Attractive option The introduction of flexible drawdown...