What's the future for income drawdown?

Income drawdown has been described as misunderstood, underused and undervalued. Do you agree? Billy Burrows: Well, yes. Traditionally drawdown has always been seen as a product for high net worth clients. One of the things that has happened over the last three years – in particular with low interest rates, people retiring earlier – is that drawdown is becoming more appealing to what I call this middle Britain cohort. Vince Smith-Hughes: Clearly the time is challenging for annuities with rates as they currently are, so my sense is that advisers are looking for alternatives. Obviously draw...