Warning drawdown rules trapping pensioners with poor pots

New income drawdown arrangements, which became available on 6 April, allow investors to withdraw 100% of their GAD or equivalent annuity rate per year, rather than the previous 120%. However, investors' GAD rates, linked to life expectancy, are now assessed every three years, or annually after the age of 75. Previously, they only were revised every five years. Investors whose GAD rates were reassessed before 5 April this year will not have to revisit them for another five years. But any changes to their drawdown arrangement, including moving provider, will mean the amount they can wit...