Income Drawdown

The Treasury has confirmed it will remove the potential unauthorized payment charge for people using drawdown caught by changes to the new normal minimum pension age (NMPA).

Tom McPhail gives his top five pension risks for 2011

Annuity reform has by and large been welcomed. Helen Morrissey takes a look at how these changes will affect how people access their retirement income and asks if the rise in tax for those in income drawdown on death with bring problems

Now just hold on a minute, has the coalition actually done rather a good job with pension reform so far?

The current timescale for new income drawdown rules to come into effect will make no sense to advisers and their clients, according to A J Bell marketing director Billy Mackay.

Pensioners using income drawdown who are transferring to a new pension scheme must be aware of fresh government rules regarding new review periods, Skandia warns.

Prudential deputy chief executive Barry O'Dwyer has welcomed the Treasury's new draft rules for retirement options, but warns there may be problems ahead for value guaranteed annuities.

The government has today published details of the changes it intends to introduce to remove the effective requirement to annuities by age 75 from 6 April 2011.

Access to new flexible drawdown pensions will be restricted to people with a lifetime pension income of a minimum of £20,000 a year, the Treasury says.

Aegon will guarantee to increase the income base of customers invested in its unit-linked variable annuity product every year, regardless of the underlying investment performance, as the insurer makes a raft of changes to its Secure Lifetime Income (ASLI)...