Take a free sliding bead on a perfectly rigid massless rod that is pivoted on one end. The two degrees of freedom here are $r$ the distance from the pivot to the bead and $\theta$ the angular position of the rod.
A torque is applied on the pivot (or not).
Define the equations of motion along the radial and tangential direction and you will find the following two expressions
$$ \begin{aligned}
F_r & = m \left( \ddot{r} - r \dot{\theta}^2 \right) \\
F_n & = m \left( r \ddot{\theta} + 2 \dot{r} \dot{\theta} \right)
\end{aligned} $$
Now if the torque on the pivot is known (zero or non-zero) then you can relate it to the tangential force as such $\tau = r\,F_n$.
Together with the equations of motion yields the following accelerations for the two DOF variables
$$ \begin{aligned}
\ddot{r} & = \frac{F_r}{m} + r \dot{\theta}^2 \\
\ddot{\theta} & = \frac{\tau}{m r^2} - \frac{ 2\, \dot{r} \dot{\theta}}{r} \end{aligned}$$
Also note the speed at any point being $v = \sqrt{ \dot{r}^2 + r^2 \dot{\theta}^2 }$
Take angular momentum $L = r ( r \dot{\theta})$ and its first derivative $\dot{L} = m r \left( r \ddot{\theta} + 2 \dot{r} \dot{\theta} \right)$ and notice that using $\ddot{\theta}$ from above you have
$$ \dot{L} = \tau $$
or angular momentum is conserved when no torque is applied.
The change in speed is evaluated with the following differentiation $$ \dot{v} = \frac{ \dot{r} \ddot{r} + r^2 \dot{\theta} \ddot{\theta} + r \dot{r} \dot{\theta}^2}{\sqrt{\dot{r}^2 + r^2 \dot{\theta}^2}} = \frac{F_r \dot{r} + \tau \dot{\theta}}{m v} = \frac{\text{power}}{\text{momentum}} $$
Which states that with no power added to the system ($F_r = 0$ and $\tau = 0$) speed remains a constant.
Taking a look at speed again, but use $L = m r^2 \dot{\theta}$ as a constant to get $$v = \sqrt{ \dot{r}^2 + \frac{L}{m^2 r^2} }$$
and knowing that $\ddot{r} = r \dot{\theta}^2 > 0$ at all times, it means that $\dot{r}>0$ at all times. So $r$ increases all the time. Also, because $1/r^2$ decreases all the time, $\dot{r}$ should increase to keep $v$ constant.
Solving $\dot{v} =0$ for $\ddot{r}$ yields the solution
$$ \ddot{r} = \frac{L}{m^2 r^3} $$
The above is sufficient to fully solve the problem as
$$ r(t) = \sqrt{ r_0^2 + \frac{ L^2 t^2}{m^2 r_0^2} } $$
where $r_0$ is the initial radius at $t=0$. See how angular momentum $L$ and $t$ are combined here. The time needed to reach a set radius is $ t \propto \frac{1}{L}$.