Andrew Morris: Identifying fresh routes to income drawdown

As we have discussed in past columns, such as Drawing up a drawdown plan, there are number of sensible moves for those clients targeting income drawdown, including: moving from growth to income funds, since the latter offers higher yields that can be taken as income and with potential growth on top; investing in low risk in the beginning since it offers a potentially smoother ride with a lower chance of having the pot hit at an early stage; and, last but not least, considering allocating to some higher-risk assets to help add potential for better returns. The most common strategy for inc...