Drawdown status quo: let's hope the 120% move is a stop-gap

In this month’s Q magazine I read that the original line-up of perennial 12-bar blues merchants Status Quo, average age 64, is reuniting for the first time in 30 years, for what they hope will be a lucrative reunion tour. After a seemingly irreparable breach of trust, Messrs. Rossi and Parfitt have benevolently held out the olive branch to former members Coghlan and Lancaster to once again join them on stage for a series of swansong gigs. No pun intended; this struck a chord. Many pensioners have suffered significant income reductions, in some cases by up to 50%, on reaching their dra...