Women in drawdown face a 37% shortfall in their annual retirement income compared to men, leaving them more than £47,000 worse off throughout retirement, according to a report by Zurich.
The report, Drawdown: Is it working for consumers? found men in drawdown have an average pot of £212,000, which at a 3% yield secures an annual income of £6,360. Women, however, have an average pension...
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019