But while it is still too soon to determine the future of drawdown and the impact on which the retirement freedoms may have, one thing that is for sure is that savers have been flocking to drawdown over the past year.

Our annual survey forms part of this special report, looking at how providers are developing and any trends that have developed over the past 12 months in anticipation for April.

The special report also includes analysis from Suffolk Life’s head of insight, Greg Kingston, who reviews what has been happening since the retirement freedoms came into force and how drawdown can form the foundation for an active and flexible retirement.