Drawdown

MetLife has launched a flexible guaranteed drawdown product utilising funds from Fidelity Worldwide Investment and BlackRock.

A BlackRock defined contribution (DC) saver has used pensions freedom to cash in a £300,000 pot despite warnings he would be hit by the 45% additional tax rate.

Head to head: Annuities vs guaranteed drawdown

Consumer group Which? wants the Financial Conduct Authority (FCA) to take action to simplify drawdown charges to make pensions freedom and choice retirement income options easier to understand.

Income drawdown is finally coming of age

Aegon has launched a ‘third-way' retirement income product on its platform which gives retirees access to drawdown with a guaranteed level of income.

'The case for annuitisation is especially weak right now'

Here's to the next 25 years of pension saving

The government will closely monitor the developing drawdown market following the introduction of pensions freedom and act to cap charges if necessary, Lord Freud has said.

The advantages of defined benefit (DB) pensions appear lost on some final salary savers who are frustrated by a government rule mandating they seek regulated advice before transferring out, research suggests.