Advisers on annuities as part of retirement income strategies
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.