Old Mutual Wealth is to launch a flexi-access drawdown facility on its Collective Retirement Account ahead of pensions freedom on 6 April.
The option will be available to all existing and new customers. It will also facilitate the transfer to nominated beneficiaries upon death. Old Mutual Wealth said clients can set up monthly income payments...
Six hours for a client report
700,000 transfers in 12 months
104 delegates attended
'Benefit from healthy cash levels'
Could be two months to complete payment