QROPS Drawdown update

The UK Government have just announced (in the draft paper) to increase the current drawdown rate from UK pensions from 100% to 120% of the GAD tables.

This should have a knock on effect for all those QROPS providers who not currently offering 120% GAD, as they can now fall in line with the UK ruling.


It is expected to take effect from March 26th 2013 round the time of the Budget.

Good news for all those people who are due to review their annual drawdown limits or those who are looking at their QROPS options at the moment.