Under a flexi-access drawdown arrangement, which statement is true?

• A. You can withdraw only once and then the fund is exhausted.
• B. You are forced to convert the entire pot into an annuity immediately.
• C. You can withdraw from the pension pot flexibly while keeping funds invested.
• D. You must liquidate the pot at retirement.

Answer: (C)

Flexi-access drawdown lets you access your defined contribution pension pot in flexible amounts over time, while the remaining funds stay invested. This means you can take withdrawals as needed to meet income, and the rest continues to be invested for potential growth (subject to investment risk and charges). You’re not forced to take the entire pot in one go, do not have to convert everything into an annuity immediately, and you don’t have to liquidate the pot at retirement. The other descriptions imply one-off withdrawals, mandatory annuitisation, or full liquidation, which don’t fit how flexi-access drawdown works.