The advice community has had more than 12 months to grapple with new flexible drawdown rules. But will uptake surge?
Flexible drawdown arrived in 2011 without much of a bang. Many providers had publicly announced that they were going to offer the option from the 6 April 2011. In reality, only a handful actually did and of those it has been mooted that when asked to process a case they actually were not able to. Even at this point opponents still feared the worst; that flexible drawdown would lead to widespread withdrawal of pension funds, and that it was a means for the rich to unlock pension savings. So, after all the original hype and stuttering launch of flexible drawdown, will 2012 be any differ...
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