Income drawdown: The opportunities

Many advisers will be assessing the impact the new drawdown rules will have on their client base. One set of clients who will need a more considered approach are those who moved some of their pension into drawdown pre-A -Day and who still have some money purchase savings remaining to provide further retirement income. The approach and advice issues raised will be of particular concern for those whose pension fund values may be approaching the lifetime allowance (LTA) threshold. The LTA threshold was introduced as part of the A-Day changes. So any clients who started taking drawdown pr...