Rockingham outlines 'drawdown for the masses' plans

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Income drawdown should not only be the preserve of the wealthy, according to Rockingham Retirement.

The retirement income specialist's managing director, Steve Hunt, says it is unfair to limit peoples' options purely because they have a small pension pot People approaching retirement with a small pension pot are often in danger of ‘giving away' their money to an insurance company, Hunt says. "All too often, someone with a £30,000 fund will be forced to give their hard-saved cash to an insurance company in exchange for an annuity," he explains. "However, if you die prematurely, perhaps just a few years after retiring, then you've basically given all your hard-earned savings to an ...

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