Mass market drawdown demand could be met by 'collective solution' - LGIM

Speaking at Pensions & Benefits UK, LGIM head of DC solutions Emma Douglas said while more people want to enter income drawdown, many of them would not be able to afford an adviser. "There is a lot to be said for that [a collective solution] in that we are looking at a mass income drawdown market where many cannot afford an adviser," she said. "They will want something that is off the shelf, low cost and easy to understand. "However, they will need some element of guidance so maybe that could be delivered via a collective solution." While income drawdown is expected to increase ...