Retirement income: Give the people what they want

Despite all the hype before 6 April 2015 (how can we forget the commentary on pensioners cashing in their pensions and buying Lamborghinis?), we are now starting to see strong themes emerging in the market post pension freedoms. Association of British Insurers (ABI) data published in November 2015 reveals that investors have withdrawn £4.7bn since April 2015 and are making sensible choices. We are being told they're taking small pots as cash and using larger pots to buy retirement income. There's also a new generation of drawdown investors. Flexible drawdown now accounts for 60% of th...