Income drawdown looks set to grow rapidly as a result of Budget freedoms. Jenna Towler takes a look at the issues for those navigating this area without an adviser.
There seems little doubt income drawdown will be the big winner when George Osborne's pension freedoms come to fruition from April 2015. Figures from the Association of British Insurers released post-April 2014 showed sales were up more than 50% in the second quarter of the year compared to the first. Many industry commentators predict that surge will continue through 2015 and beyond. But will all these newfound fans of income drawdown have an adviser in place to manage their money withdrawals? And for those that don't, is it a good idea for them to try their hand at managing their fu...
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