Flexible drawdown take-up to increase in 2013

Hornbuckle Mitchell has said a number of advisers are waiting until April 2013 for clients with substantial savings to withdraw the whole fund. Mary Stewart, sales and marketing director said: "The flexible drawdown process is really very simple, so we would urge advisers to explore this option with their clients. It could prove the perfect solution in today's tough economic environment." The provider has also said advisers should consider partial flexible drawdown to gain greater flexibility as low GAD rates and high inflation squeeze pensions. Stewart added: "Partial flexible dra...