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Displaying items by tag: drawdown

The Financial Conduct Authority has identified a number of pension areas where ‘intervention’ may be necessary following the introduction of the pension freedoms in April 2015.
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Pension professionals fear a one size fits all ‘auto-drawdown’ policy will hurt clients, and they have suggested advice vouchers should be re-examined.
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Thursday, 16 March 2017 12:47

New drawdown comparison table includes Sipps

A new drawdown comparison table has been created to show both Personal Pensions and Sipps.
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Consumers choosing income drawdown without using a regulated adviser are to come under the regulatory spotlight.
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Thursday, 07 January 2016 12:22

Drawdown: FCA stats show 42% not using an adviser

Many customers newly entering drawdown to stay invested have not been using an adviser, new FCA figures showed this morning.
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Pension rules should be relaxed to allow multiple drawdown arrangements within the same pension scheme to be consolidated into one, AJ Bell has said ahead of Wednesday’s Autumn Statement.
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Savers took out £800m worth in payments from income drawdown policies in 170,000 withdrawals in the first two months after the pension reforms kicked in.
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Parmenion has added drawdown features to its in-house Sipp from today (7 April), to enable advisers to take advantage of the new Pensions Freedoms for their clients.
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A "sting in the tail" could be looming for flexible drawdown clients who could face a HMRC fine of £300 or more.
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A Sipp firm has announced it is launching an "improved version" of one of its products in response to demand from advisers as the drawdown rules change.
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