Income drawdown - the unwritten rules

There are a several "unwritten rules" surrounding drawdown; some valid, some not but ultimately, all have a bearing on an investor's decision. 1.) Many are led to believe that income drawdown is only suitable for those with funds in excess of £100,000. While this may be true on the face of it, in reality advisers must consider the other pension savings and non-pension assets that the client has. As part of a wider strategy, there could well be a place for drawdown with smaller funds. 2.) Similarly, there is a misconception that flexible drawdown is the preserve of the high net worth a...