Any UK resident under 75 can open one, irrespective of whether they also have a workplace or other private pension scheme.

The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out Retirement Income Schemes (RIS) and drawdown facilities under the National Pension System (NPS), enabling subscribers to ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

The extent of the impact pension freedoms are having on the retirement income market are becoming evident. It is clear that pensions in drawdown are now the first choice product for new retirees: ...

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday announced a new retirement income scheme and drawdown ...

From inflation to economic and political tensions, there are plenty of factors that can weigh on your retirement income. This makes it all the more important to understand how much you can generate ...