Nearly two-thirds of trust-based schemes have not embraced drawdown

Kristian Brunt-Seymour
clock • 2 min read

More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.

The firm's Pensions Flexibility Study published today found that just 7% of the 222 trust-based schemes surveyed provided flexi-access drawdown within their trust. The firm said while the number...

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