Pru adds income drawdown option to retirement product

The income drawdown option completes Prudential's Flexible Retirement plan, which allows clients to benefit from a wide range of investments within their SIPP, draw down an income and purchase a full range of annuities, without changing schemes. The plan offers flexible, transparent commission options and provides discounts on annual management charges, based on the size of the fund and length of policy. Aston Goodey, director of retirement income at Prudential, said: "The retirement market is changing beyond all recognition yet the solutions available to advisers and clients have not k...