Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch', Standard Life has warned.
It predicts about 30% of retirees will opt for drawdown income, compared to 6% of retirees today. The insurer said the surge could lead to the market struggling to service clients. Standard Life...
Has run Cautious Managed fund since 2011
What’s right – not what sells
Richards fires back at committee report
Available on Investcentre platform
Invested from 2006-2011