The importance of having a drawdown exit strategy

Nothing lasts forever. And that is true for pensions as well. Drawdown is a popular solution for many, whether they want to access their lump sum but don’t need any income; or they want to retain investment control over their funds; or they don’t want to be locked into an annuity just yet. But clients and advisers have to constantly re-evaluate whether staying in drawdown remains the best strategy. The majority of advisers are aware that the day to leave drawdown will come. Recent research by MGM Advantage showed 74% of advisers with drawdown clients already have an exit strategy in plac...