What next for the income drawdown 'class of 2015'?

Many of the first cohort who retired under pension ‘freedom and choice' reforms – first announced in George Osborne's Budget ten years ago – are now likely to be approaching, or have already celebrated, their 70th birthdays. Although the more ‘active' early stage of their retirements may be nearing an end, septuagenarians still need to plan for the possibility of many more years of life. Nearly half of men and six in ten women turning 70 this year are expected to live to age 87 with the longevity odds tipped in favour of wealthier people. Advisers know that retirement planning does no...