AJ Bell calls for advisers to join drawdown campaign

The platform provider is giving clients and advisers a Call For Action template letter highlighting the issues with drawdown. AJ Bell chief executive Andy Bell said: "If the issues with drawdown are highlighted to MPs across both the UK and the political spectrum the pressure for a fundamental review of the rules will increase." Bell has previously written to the Treasury requesting the 120% maximum GAD limit to be reinstated and asking government to establish whether gilt yields are the best way to calculate drawdown income. In some cases, the income of some pension investors have...