Retirees in income drawdown have had a miserable time of late. Volatile investment markets, record low gilt yields and a reduction in maximum income means many face significant drops in income when they have their next review. Reductions of 40 or even 50% have been widely reported.
Providers such as AJ Bell have called for change. Chief executive Andy Bell has lobbied the Treasury to reinstate the 120% maximum GAD limit and has asked whether gilt yields are the best way to ca...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
