Members of money purchase schemes should get out before they become overfunded as occupational drawd...
Members of money purchase schemes should get out before they become overfunded as occupational drawdown does not offer sufficient flexibility, according to the Income Drawdown Advisory Bureau Ronnie Lymburn, director of the Bureau, said: "It is impossible to move from the occupational regime into a personal pension drawdown plan if you are overfunded. Therefore, getting out before this situation is reached may well represent your only chance of retaining all your fund and maximising your benefits from it. The new occupational drawdown rules are not as flexible as we originally expected, ma...
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