Stefano, aged 58, is self-employed and typically makes gross profits of $20,000 per annum. He wishes to effect a flexi-access drawdown from a personal pension arrangement which has a fund value of $50,000. He should be aware that:

A. As he is still employed, he must wait until he reaches age 60 before he can proceed.

B. He can proceed now, without any restriction.

C. As he is still employed, he must wait until he reaches state pension age before he can proceed.

D. He currently needs to have a guaranteed pension income of at least $6,000 p.a. to enter flexi-access drawdown.