What impact will the change in minimum retirement age in April 2010 have on demand for income drawdown?

Question: What impact will the change in minimum retirement age in April 2010 have on demand for income drawdown? Answer: Fiona Tait - Scottish Life There will undoubtedly be a short term increase in demand for income drawdown. The majority of clients who are looking to access benefits at the age of 50 are not looking for a retirement income but want access to PCLS, therefore drawdown is a more likely scenario than an annuity. That said the 2010 opportunity is also about clients reviewing their current arrangements and getting themselves into a position to take benefits as quic...