Swiss insurance provider Zurich Financial Services is introducing an enhanced version of its flexible drawdown plan, offering greater flexibility, control and more benefits.

Enhancements include the introduction of a new protected rights drawdown facility, a nil income enhancement available for customers who choose not to take income withdrawals from their Zurich drawdown plan, a Zurich SIPP offering access to wider SIPP assets for non-protected rights funds, and Zurich pension funds.

The introduction of the nil income enhancement provides added benefit for clients looking for more control over their retirement planning. For those opting for income drawdown but not taking a regular income, the nil income enhancement provides an annual rebate, providing a competitive retirement solution for advisers and their clients.

In addition to the new drawdown facilities, the enhanced plan will offer investors greater choice. The Zurich drawdown plan offers a wide variety of self-invested assets, including mutual funds, stocks and shares and commercial property and access to four leading discretionary fund managers. All of this will supplement Zurich’s pensions fund proposition, with over 130 funds available.

The enhanced proposition is designed to appeal to those customers who need ongoing advice and Zurich will support advisers providing independent advice with appropriate ongoing remuneration.