Flexible drawdown - floundering or flourishing?

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Neil MacGillivray discusses the future prospects for flexible drawdown

It has been over two years since the introduction of the much hyped option of flexible drawdown. However how popular has it been and is it used to its maximum potential? The ability to take income from their pension fund as and when needed without any limit while avoiding the cost of triennial or annual reviews should in principle have made this a more popular choice. Particularly so when taking into account the current low gilt yields. What has actually been happening? Let's look at some numbers. If we review the situation in the James Hay Partnership, with approximately 15,000 pensi...

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