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LV= ready to offer flexible access drawdown from April 2015

5 January 2015 | Press release


John Perks, LV= Retirement Solutions, Managing Director says:

“The pension reforms mean that those approaching retirement have greater choice as to how they take an income from their pension fund and we expect drawdown options to become more popular. LV= is pleased to confirm that we will be ready for the new income drawdown market, and we will be offering the new Flexible Access Drawdown on 7 April which is the first working day of the new tax year.

“We have already seen an increase in demand for income drawdown since the Budget as it has become a far more accessible and attractive proposition for advisers and their clients. In response to demand, we launched a low cost and simplified drawdown solution last year. For those advisers with clients who are already in drawdown, we can guarantee that they will be able to benefit from the flexibility that drawdown provides in later years as we will continue to offer it to those post 75 in the new world, as we do today.”

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