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Aegon added the traditional 4% rule could be "inconsistent with cashflow modelling", particularly if clients have irregular income needs or during a period of volatility.
Advisers have moved on from the traditional 4% rule when determining safe income drawdown withdrawal rates with a shift towards the use of modelling tools, research finds.
Figures from Aegon and NextWealth showed 38% of advisers now use modelling tools, an increase from 28% last year. The provider said such tools, like cash flow modellers, had become the preferred method...
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