MetLife: Advisers report average 15% fall in drawdown income

Average losses reported are 15% in income or capital though nearly a third report losses of 20% or more. Even though the GAD rate was restored to 120% from March this year stock market volatility has seen the FTSE100 lose around 7% of its value after hitting five year highs in May 2013. The research shows advisers expect volatility to continue. Around 24% believe the FTSE-100 will fall significantly from its five-year highs during 2013. MetLife UK managing director Dominic Grinstead said: "The relaxation of GAD rules is very welcome but it is clear volatility remains a major issue ...