Scottish Widows launches four multi-asset drawdown funds

The four Retirement Portfolio funds are designed to reduce the risk of capital losses for drawdown customers during volatile markets by using a ‘dynamic volatility management' (DVM) process that maintains exposure to equity growth opportunities unless volatility becomes significant - at which point exposure is reduced temporarily. Scottish Widows head of fund proposition Iain McGowan (pictured) said: "Since the introduction of pension freedom, an increasing number of customers stay invested during retirement and withdraw money using income drawdown. They need an appropriate investment st...