Third of drawdown users are first-time investors but many don't seek advice

James Phillips
clock • 2 min read

A third of drawdown users lack any investment experience but many of those do not seek any financial guidance or advice, Zurich research finds.

While 32% of people using drawdown admit they are first-time investors, many have accessed their on-average £153,000 pension through the income withdrawal product. Meanwhile, just two in five of th...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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