Zurich has confirmed that it is working on a new flexi-access drawdown facility, which will be ready for April 2015 when radical pension changes announced in the Budget come into effect. The insurer ...

Old Mutual Wealth is to launch a new flexi-access drawdown facility and ad hoc lump sum access via its Collective Retirement Account (CRA) in time for the new pension freedoms coming into force on 6 ...

Employers have been looking at a range of non trust-based drawdown solutions, say consultants, as trustee interest in providing flexi-access to members remains low. Up to April 6 this year DC savers ...

Section 273B of the Finance Act 2004 was introduced as part of the “pension flexibilities” changes and came into force at the end of December 2014. It gives defined contribution schemes’ trustees and ...

When the pension freedoms legislation was enacted in April 2015, it removed many restrictions around defined contribution (DC) schemes and provided more flexible access to pension savings. Although ...