Sequence risk a threat to non-advised drawdown retirees - Standard Life

The firm warned drawdown is a complex retirement income option and could result in many investors draining their pots if they do not have access to planning tools.  The provider estimated the take-up of income drawdown will increase five-fold in the first year after 6 April, when consumers will be given unprecedented access to their defined contribution pension pots. Research suggested about £700bn will come through the system from 'baby boomers' in the next ten years, while the uptake ratio of annuity to drawdown will reverse to 20:80, it said. Standard Life Wealth senior business...