Lack of guaranteed drawdown use now a perception issue - lang cat

The consultant's report, How to get your money back: The UK Withdrawal Product Landscape, examines the structures of guaranteed income products, also known as guaranteed drawdown, looking at various past performance scenarios and future models to compare returns with drawdown, annuities and 'third-way' products.  The lang cat principal Mark Polson (pictured) said: "When we kicked off, it was with a reflexive ‘meh' - guarantees are expensive, and clients wouldn't go for them if they saw what they cost. After the exercise - we still think they're expensive, but once you get in and start do...