Paul Hogg: What makes for a good income withdrawal plan?

Investment objectives can be broadly split into two areas. Some clients are focused on growing their assets toward a target future event, whilst others have the primary objective of generating an income for life. For clients in decumulation, guaranteed annuities are designed to help protect investors from the risk of outliving their income. But income drawdown can also, of course, be a viable solution and one that offers a level of flexibility that annuities don't. The clear risk with income drawdown is sustainability; that the income level chosen doesn't last for life and may need to...