The 4% rule of thumb often used to define a sustainable approach for drawdown in retirement is no longer fit for purpose due to prevailing and sustained market conditions, according to Lane Clark & Peacock (LCP).
The "nastiest, hardest problem in finance" has become even tougher in a world of zero - or negative - real interest rates and quantitative easing (QE), the consultancy said, while the two-decade-old 4%...
Only one in ten opt for an annuity
‘Dramatic’ drop due to pandemic’s economic impact
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'Act or be compelled to act'
Drawdown retirees forced to reduce income during the early stages of the pandemic are now considering the best way to turn the taps back on, writes Steve Hunter
From the horse's mouth