Drawdown is drawnout

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As increasing numbers of people choose to ease into retirement Andrew Tully looks at the products available

We have been hearing for many years that we will live longer than our parents and grandparents did, but the stark reality of what that actually means is now becoming clearer. Recent figures issued by the government show 1.2 million people above state pension age (65 for men, 60 for women) are still working in the UK. This is an increase of 7.8% on the same period in 2005, and an amazing 37% increase over the last 10 years.* It is positive that those people who want to continue in work when they are older now have many more opportunities. But it is clear many of the people who continue to w...

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