Retirement: Annuity rates fall, Income Drawdown limits up, time to consider your options?

Time to consider your optionsAnyone who is close to retirement will probably know that Annuity rates have dropped significantly over the past few years; during 2012 alone figures from MGM Advantage show a fall of 11.7%. At the same time the maximum income which can be taken from an Income Drawdown plan has increased as a result of rising gilt yields and will increase by a further 20% due to a change in the Income Drawdown rules announced ...