Life after drawdown

The last decade has seen income drawdown become the darling of the retirement income market for mass affluent to high net worth customers. Why? Because it offers everything that traditional annuities could not – income flexibility, death benefits, and access to a range of funds that give income growth potential – all with the same tax free cash lump sum benefits of the annuity. There’s no doubt that it has served a real need in this market, and continues to do so. But does it really meet the needs of our retiring population? Would clients have been better off buying an annuity? What hap...