How clients can make the most of flexible drawdown

My career in pensions started in 1982 when governance was provided principally by the Finance Act 1970. Although I expected times would change and so would legislation, one of the key messages I understood from my early years was this:“Tax incentives are granted on the understanding that resultant benefits from a retirement savings contract are payable for the life of the individual.” It is nearly a year now since this message was shattered by the announcement of flexible drawdown, a means of apparently withdrawing pension capital at times and at rates to suit the individual without l...