HORNBUCKLE Mitchell has launched a Flexible Income Pension Plan (FIPP) giving retirees taking pension benefits through income drawdown the ability to tailor them more closely to their own circumstances.
The FIPP gives complete investment flexibility and the control to allow a combination of tax-free cash withdrawal and Income Drawdown, together with the option to move to an Alternatively Secured Pension (ASP) or an annuity by age 75. Neil Marsh, managing director of Hornbuckle Mitchell, said: "The FIPP is unique because it brings new levels of flexibility and control to retirees. "This is the first time a provider has made all the different retirement income options available within a single product, allowing retirees the freedom to switch to a more suitable option as their circumstanc...
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