Flexibility driving popularity of drawdown - Skandia

In a Skandia survey of over 600 financial advisers, 33% think the main reason people choose income drawdown is a reluctance to give money to a life company via an annuity. The second and third most cited reasons people opt for income drawdown are the ability to opt for zero income (27%), followed by the flexibility to change income level (24%). A further 16% of advisers say the desire to maintain control of investment strategy is the primary reason retirees choose drawdown. "The results show it is the flexibility and control that income drawdown gives people over their retirement i...