drawdown

BlackRock has launched its first drawdown offering for pension schemes to capitalise on the Budget freedoms introduced earlier this month.

Almost half of older savers intend to use drawdown products for their retirement income, according to research.

Patrick O' Sullivan outlines the key questions now facing retirees

Investing through retirement while drawing down demands a different mindset to investing for accumulation, Natasha Browne hears

PP looks at why good drawdown solutions must 'remember the members'

Drawdown products must be designed around member engagement as investment solutions "cannot be a panacea", according to RBS head of group pensions Carol Young.

Asset price volatility means pensioners on drawdown could suffer annual income drops of up to 50% which could hit living standards, warns the International Longevity Centre-UK (ILC-UK).

Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".

Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.

Michael Johnson has proposed that retirees are defaulted into drawdown after research by PP found little support for his original call for a default option of index-linked annuities.