Why we need to change the income drawdown rules

Income drawdown used to be the smart investors' way to make the most of their pension pot but falling annuity rates and government changes have left pensioners wondering why they bothered taking this risky route in the first place.

The majority of people turn their pension pot into a retirement income by buying an annuity but unfortunately once the annuity is bought there's no getting out of the contract – the income you buy is the income you get.

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