New drawdown rules offer good news for pensioners

Good news for the retired? The maximum amount pensioners can take from a pension pot will rise to £6,360 for each £100,000 saved from September - a 5.5% increase. A limited boost but the cap is partly about self-protection, ensuring pensioners do not deplete savings too quickly.

How much of a benefit is the move for many cash-strapped retired, practically? %VIRTUAL-SkimlinksPromo%