Flexible Income Drawdown Plan
Prudential's Flexible Income Drawdown Plan (FIDP) is designed for investors with larger retirement funds who need maximum flexibility over both income and death benefits. It is also suitable for clients who want access to tax-free cash and want to delay fully securing their retirement income.
Our plan allows control over three key retirement income areas:
- Income - your clients can draw income, between limits, directly from the pension fund until income is fully secured or before age 75. If your client wishes to remain invested beyond 75 they will need to move to an arrangement with another provider;
- Inheritability - on death during Income Drawdown there are a choice of death benefits available to the surviving husband, wife, civil partner or dependant;
- Investment - Income Drawdown gives your clients the opportunity to actively invest their pension fund and benefit from the long-term investment opportunity retirement presents, either actively using our self-managed option or by using one of our three lifestyle strategies.
Investment in our income drawdown needn't mean gradually moving from higher risk to lower risk assets in advance of fully securing an income at age 75. Through our Flexible Lifetime Annuity your client has the chance to continue an investment strategy right through to age 90.
More detailed product information on our Flexible Income Drawdown Plan can be found in our Literature Library.
Commonly Used Literature
 Key Features of the FIDP Income Drawdown Option
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