Pension reform: Are we walking on eggshells?

Morrison spoke to Professional Adviser in November 2010 Professional Adviser: There is a concern that even with a minimum income requirement for drawdown, people could still run out of money. Mike Morrison: I think there is an issue there. I guess the thinking generally is that someone who has sufficient money to do flexible drawdown is not likely to spend the rest of their money. They will have other assets and those other assets would go towards long-term care. But I agree that if you do have a minimum income requirement, and for whatever reason someone’s investment portfolio dis...