Flexibility in drawdown

Members of money purchase occupational schemes may be afforded the same drawdown flexibility as personal pension schemes under the Government's latest proposals In the proposed integrated tax regime for DC pensions, money purchase occupational schemes have the option to remain under the old regime or switch into the same tax regime as personal pensions This could add extra complexity for trustees and employers in that they must decide which regime is best for their members and may even lead to employers offering both options It could also mean that some members who would not have been el...