John Moret is one of the UK's leading pensions and SIPP experts and commentators. As he enters his 75th year, still working part-time in the sector, he continues his series of articles for Financial Planning Today looking back at the changes that have shaped the pensions sector during his career. In this third article in the series he looks at the rise of income drawdown and what changes may lie ahead.

Research of the adviser market has shown a sharp rise in the number using income drawdown modelling tools, with over half (51%) using the tools compared to 38% last year.

Gaudi, the SIPP and platform fintech business, has launched a white-labelled pension income drawdown product that can be used by any financial brand.

A new survey for online platform and SIPP provider AJ Bell on the 5th anniversary of the Pension Freedoms suggests withdrawals have been falling year on year.