Women in drawdown face a 37% shortfall in their annual retirement income compared to men, leaving them more than £47,000 worse off throughout retirement, according to a report by Zurich.
The report, Drawdown: Is it working for consumers? found men in drawdown have an average pot of £212,000, which at a 3% yield secures an annual income of £6,360. Women, however, have an average pension...
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