Drawdown

Emergency stop: Why politicians should hit the brake on pension freedoms

A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.

Under pressure: Will platforms struggle to cope with pension freedom?

Henry Tapper explains why Labour is right to threaten a cap on drawdown fees

Labour has urged the government to ensure none of the 320,000 savers expected to take advantage of pension freedoms are exposed to "rip off charges".

Sales of drawdown contracts have more than doubled compared to the third quarter of last year while annuity purchases continue to fall, according to latest Association of British Insurers (ABI) statistics.

One in two advisers admits to not having a thorough knowledge of the annuities market, according to research.

Scheme pensions could be a good choice for pensioners in drawdown who have been hit by record low income rates, according to Hornbuckle Mitchell.

London & Colonial has increased maximum income levels on its New Open Annuity.

Advisers should take a cautious approach to drawdown of Protected Rights within SIPPs, the Association of Member-Directed Pension Schemes (AMPS) warns, after receiving clarification on the rules from the Government.