No change to income drawdown rates #AS2013

This comes after the government commissioned the Government Actuary's Department earlier this year to review tables to see if income drawdown rates are "a reasonable match to annuity rates." In the Autumn Statement it said: "In light of GAD's findings that withdrawal rates are a reasonable match to annuity rates, the government will not change the basis on which the GAD tables are formulated." This goes against industry calls to decouple income drawdown from annuity rates. "It was OK to have this link when income drawdown and annuities were interchangeable," says AJ Bell's head of ...