Three things we learned this week

James Hay: Clients look to raid pension using flex drawdown SIPP provider James Hay has expressed concern over a rise in queries to use flexible drawdown to strip out pension funds. James Hay head of technical support Neil MacGillivray questioned whether such a move is in the best interests of clients. "We've had more queries from people wanting to use flexible drawdown to strip out their pension," he said. "You have to ask how well thought through the process is and ask them what they want the money for? It's fair enough if they need the money for a specific purpose but don't just ...