Consumers choosing income drawdown without using a regulated adviser are to come under the regulatory spotlight.

Flexi-access drawdown is among the phrases that should be confined to the scrap heap to make pensions clearer for consumers, the ABI says.

New analysis claims to show the “huge risks” facing people who choose to go into drawdown while at the same time investing their fund for growth, following market turmoil.

Many customers newly entering drawdown to stay invested have not been using an adviser, new FCA figures showed this morning.