The introduction of Pension Freedoms in 2015 had a significant impact on the defined contribution (DC) at-retirement market. The most obvious change was an increase in the number of customers choosing to access their DC pension benefits through an income drawdown plan, instead of buying an annuity.
In this webinar, Justin Corliss, Senior Pensions Development and Technical Manager, will consider whether drawdown plans remain suitable to achieve the client’s needs and objectives on an ongoing basis.
Justin also explores the Retirement Outcomes Review and PROD rules within MiFID II as these will have a considerable impact on the drawdown market. And, in some instances, prompt discussions around transferring drawdown plans. He’ll also consider helpful planning points for less common cases.