Carbon financial planner, Richard Wadsworth was recently asked to provide his view on the LV= personal pension fund and in particular, the simple drawdown scheme. This scheme was created following the recent rule changes regarding income drawdown and allows clients with funds in excess of £37,000 access to income drawdown for a fee of £175. Those with funds below £37,500 will be able to access income drawdown for a fee of £295.
Richard likes the simplicity of this scheme and foresees many individuals making use of the new drawdown rules in the future, be it for ‘full gutting’ of pension schemes or a “gradual dribble out”.
You can read the whole article on the FT Adviser web site by clicking here, and if you want to discuss your own financial plans or investments, email us at email@example.com or get in touch on Facebook, Twitter or LinkedIn.
You can also view Richard Wadsworth’s profile here.
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