Bruce Moss: Five simple changes to fix 'systemic' drawdown failings

Some industry-perpetuated shortcomings in the provision of income drawdown products and services have the potential to seriously derail advised, as well as non-advised, drawdown consumers' retirement income plans and cause long-term financial damage. Although many advisers are diligently undertaking cashflow planning for their clients, their efforts are being undermined by the use of the wrong tools which focus on the wrong risks. Since pensions freedom, the popularity of using income drawdown has soared. Currently, many retirees have substantial defined benefit pensions and are not c...