Flex drawdown increase predicted post-protected rights abolition

A Defaqto poll of 52 pension providers also found the removal of protected rights - the pension benefits built up while contracted-out of the state second pension, which were removed in April this year - would help speed up payments of death benefits for plans in drawdown. It said while most providers thought that there would only be a very small boost in the number of clients that would be able to utilise flexible drawdown, about 10% predicted there will be a marked uplift of between 15 and 25%. The research also found 44% of respondents pool the two parts of the fund and calculate a...