It's a brave new world for drawdown

We all know about the downsides of income drawdown with its toxic mix of falling gilt yields, the maximum GAD rate which has since been re-instated and underperforming investment markets. While many pensioners faced massive drops in income, it was clear they had few alternatives. The annuity market has also continued on its downward trajectory, creating a Catch 22 situation for retirees. With such changing circumstances, on the advice of advisers and fund managers, retirees are adapting the investments they are putting into drawdown portfolios. Income for life Blackrock head of ...