Retirees 'risk draining' pension pots by 'ignoring' market volatility

According to the Drawdown: Is it working for consumers? report, as there are more than 431,000 retirees using income drawdown to fund their retirement, this means as many as 176,000 people could risk draining their pension pots if they do not take market volatility into account. The survey - which was included in the report - found just under a third of people using drawdown had no hands-on investment experience, and 41% had not received either financial advice or guidance. Over a quarter (29%) claimed they were "confident in their investment decisions", despite having no previous exp...