Adrian Boulding: Strategies to avoid income 'over-drawdown'

The issue of safe withdrawal rates - sometimes called sustainable income rates - has come increasingly into the spotlight for advisers serving baby-boomers who are either approaching or in retirement, following the rapid decline of annuity purchasing since George Osborne went public on pension freedoms back in April 2014. The FCA's latest Bulletin (Issue 12) published last month shows more than twice as many pots have entered into income drawdown policies rather than annuities over the last two years. A total of 345,265 pots have been used to buy income dra...