What if your pension scheme does not offer flexible pension drawdown i.e. it only offers lump sum and annuity?
What if the scheme does not want to change its scheme rules to allow flexible drawdown?
They can go for a “permissive statutory override” by designating your funds into a drawdown in beneficiaries name and can then transfer to a flexible drawdown scheme of your or you adviser’s choice.
If you're unsure about cookies, what they are and how to protect yourself from harmful cookies, please see our Cookie Set Up information page.OK