Draw on experience

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John Enos takes a look at the drawdown market and asks how it can be developed further

Having benefited from some of the most prosperous years this country has experienced the 'Baby Boomers' have a higher expectation of their retirement than their parents. However, with the rolling back of state pension provision and defined benefit pensions in decline, this generation is being asked to take more responsibility for their own finances and income. A recent study by The Hartford bore this out with only a quarter of those surveyed believing that the state pension would be their main source of retirement income. The survey also gauged the aspirations of the UK's over 45s when it...

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