Head to head: Annuities vs guaranteed drawdown

The new flexible world of retirement benefits offers retirees the prospect of personally-tailored income solutions from defined contribution schemes. Each individual has the chance to arrange their future income in the way that best meets their needs. Of course, for some, that may require a transfer from their existing scheme to a new arrangement to access the flexibilities they want. While this is liberating and potentially exciting for consumers, it does put a greater burden on advisers. Alongside tax-efficient cash withdrawal, they will have to understand and consider a new and ...