The art of drawdown

While the introduction of capped and flexible drawdown has ushered in increased flexibility in retirement incomes, many post-A-Day drawdown -investors coming up for their five-year reviews have had their fingers burned. But drawdown should be an essential part of an adviser's tool-kit. Fiona Tait, business development manager at Scottish Life, says: "People spend so long in retirement [they] need something in the early stages that can be flexible enough to key people up for the eventual annuity they are likely to buy." In this month's Inquiry, we asked our readers to let us know what ...