It's in the mix

In the March Budget, the Chancellor dashed the hopes of pension advisers when he declined to remove the restriction on drawdown plans that currently forces investors to convert to an annuity by the age of 75. The inflexibility of drawdown to sustain investors' requirements beyond the age of 75 should by default breath new life into an under-utilised and under-researched product the investment-linked annuity. In practice, there are four broad options at retirement for those with a defined contribution (DC) plan. Advisers should consider these on a mix-and-match basis and with ful...