Drawdown
FCA acts to stop drawdown retirees losing out
The UK’s Financial Conduct Authority (FCA) is planning to introduce “investment pathways” for drawdown retirees, in a move to prevent them from making poor decisions and defaulting into cash.
Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
Best Practice | 2 May 18
Pensioners risk turning their retirement stream into a flood
Retirees in drawdown are at risk of running out of money in retirement, as a third have no investment experience and two in five are not getting any financial advice or guidance, research from Zurich UK has found.
Women in drawdown £47,000 worse off than men
Women in drawdown face a 37% shortfall in their annual retirement income compared to men, leaving them more than £47,000 ($66,542, €53,935) worse off, according to a report from Zurich UK.
Best Practice | 19 Feb 18
7 tips to compare drawdown providers
The number of providers offering drawdown has gone up since the pension vehicle was first introduced in the UK in 1995, but differences in quality of service and charges can be substantial, warns Hargreaves Lansdown, which has offered seven tips to compare providers.