Scottish Widows adds income drawdown to Retirement Account

The provider has launched the facility, Retirement Income, on the same platform as the accumulation element of the Retirement Account, Retirement Planning, which it says makes it easy for the customer’s adviser to manage his client’s money. Iain McGowan, head of retirement income and planning at Scottish Widows, says: “Scottish Widows is offering an alternative to the traditional SIPP route through the Retirement Account – with its clear and transparent charging structure, access to protected rights and bank base rate on cash. "Adding the drawdown capability of Retirement Income means tha...