Flexible drawdown

Firm says it is a 'game-changer'

Annuity income at 'all time low'

As the name suggests, it offers huge flexibility

Mix of investments held in decumulation products also of interest to watchdog

'Flexible' pension payouts of £2.7bn likely well short of actual figure

Partnership is to launch a self-invested personal pension (SIPP) account which houses both annuity and drawdown options.

Provider Zurich is reviewing whether to allow legacy retail clients access to its flexible drawdown product on a non-advised basis, in an effort to streamline pension freedom.

Old Mutual Wealth is to launch a flexi-access drawdown facility on its Collective Retirement Account ahead of pensions freedom on 6 April.

Prudential has launched a flexible drawdown option to its range of retirement products ahead of pension freedoms which come into force in April next year.