An alternative view

New income drawdown rules are set to give a boost to a third ­option ­allowing individual retirees to take income from their pension funds – scheme pension. The new rules, introducing ‘capped’ and ‘flexible’ drawdown, have generated a huge amount of interest, although in many cases retirees will find their room for ­manoeuvre more limited than before. Under the old regime, scheme pension had been mainly relevant to older retirees and those in poor health. Now it stands as a ­potential alternative to anyone thinking of ­using capped ­drawdown, but ­wanting to take a higher income. Thi...