Helen Morrissey talks to a panel of experts about the current market turmoil and how it will affect the income drawdown market
Morrissey: If we start off with the first question. The investment markets are huge news at the moment, and we have seen some substantial falls. Are these volatile markets affecting people's decision to enter the drawdown market and, if so, in what way? Price: I don't think the current market is deterring people from entering drawdown right now. Any decision to use drawdown is made for the long term; it is not made to invest today to take the money out tomorrow. The key factor for us has always been that the consumer is aware of what they are investing in and that they understand the risk...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
