Should we scrap flexible drawdown?

Recently, AJ Bell called for the government to carry out a fundamental review of pension rules, including the reformation of capped drawdown and the scrapping of flexible drawdown. These points particularly have got industry figures talking. In a statement, AJ Bell chief executive Andy Bell warned that constant rules tinkering since the advent of pension simplification had undermined public confidence, and while auto-enrolment should repair some damage, the government must recognise parts of the current system are not "fit for purpose." As part of the review, Bell would like to see th...