Prudential launches flex drawdown ahead of pension freedoms

The flexible drawdown product is available through Prudential's Flexible Retirement Plan wrapper and available to customers with guaranteed secure income of £12,000 a year which can come from a combined range of sources including workplace pensions, an annuity, the state pension and overseas pensions. It will be updated when regulations change this coming April to provide flex-access drawdown to new and existing clients. Prudential head of business development Vince Smith-Hughes said: "These changes will allow customers to access income drawdown without limits which is suited to clien...