Axa Wealth launches 'drip feed' drawdown option

The use of income drawdown in retirement is expected increase in the following pensions freedom and choice which gave retirees over 50 complete access to their defined contribution pension schemes.  It said the option allows people to take income from a pension at the desired level as regularly as needed in the most tax-efficient way. Drip feeding means advisers can manage their clients' level of taxable income. Advisers can use it as a mix of part tax-free/part taxable income or fully tax-free income, Axa Wealth said. Automated income payments can we set up from the pension. The o...