Martin Tilley, director of technical services at Dentons Pension Management, looks at the pros and cons of flexible drawdown, particularly for clients with larger funds.
A frequent topic raised by advisers at our recent roadshow seminars was the problems being experienced by their clients when an income review was due and the mandatory switch to capped drawdown, which...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress