Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won't be able to maintain their income throughout their lifetime.
In this short video, we explain the risks that individuals should consider – and, importantly, the strategies that could help mitigate those risks. For an in-depth look at the risks and potential solutions or if you would like to request the full report, please click the link below.