Wesleyan has added a flexible drawdown option to its self-invested personal pensions (SIPPs).
Flexible drawdown allows eligible clients to draw an income direct from the funds in their pension at any time from 55 without limit. Wesleyan, which caters for doctors, dentists and lawyers, said it would not charge customers who have already opted for capped drawdown through their SIPP to transfer to flexible drawdown. Samantha Porter, Wesleyan marketing director, said: "Flexible drawdown is an important addition to our retirement proposition for doctors, dentists and lawyers and allows them to have a greater choice when considering how and when they take their retirement income. ...
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