The number of flexible drawdown investors could rise in 2013 when the top rate of tax is cut to 45%.
A relaxation of income drawdown rules should bring more tax revenue to the treasury and get people spending, according to Primetime Retirement.
The 2% floor in gilt rates, set by HM Revenue & Customs in 2011, should be lifted to 3% or 4% to ease financial pressure on pensioners in drawdown, a provider has said.
Helen Morrissey looks at the difficulties being faced by the income drawdown market and asks whether a mis-selling scandal can be avoided
Martin Tilley, director of technical services at Dentons Pension Management, looks at the pros and cons of flexible drawdown, particularly for clients with larger funds.