Eight tips for picking a flexible drawdown product

The Bank of England cut interest rates to 0.25% in August, meaning now is probably the "worst time ever" to make a retirement income decision, according to pensions director Steven Cameron. However, it is a particularly bad time for those seeking a regular income in retirement, such as an annuity, which saw rates falling to an all-time low, Aegon said. While the security of an annuity will remain the best option for some, there have been a host of other products available since the government's pension freedom reforms in 2015. One of the most popular options has been flexible drawd...