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

James Phillips
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Poor investment decisions could see funds run out too early
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Poor investment decisions could see funds run out too early

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 these...

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