income drawdown
Ultra-low interest rates and QE 'broke 4% drawdown rule'
The 4% rule of thumb often used to define a sustainable approach for drawdown in retirement is no longer fit for purpose due to prevailing and sustained market conditions, says Lane Clark & Peacock (LCP).
Sailing the Strait of Hormuz
Without proper support from pension professionals, savers are left vulnerable to attacks on all sides, says Henry Tapper.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point
Adrian Boulding: My pension predictions for 2019
NOW Pensions' director of policy says this will be the year when the net-pay anomaly becomes too awkward to ignore, and predicts LISA will have its own lifetime curtailed
Two-thirds of retirees leave investments alone despite volatility
Retirees are concerned about recent market volatility but are refraining from reacting and changing the investment policies of their drawdown products, Aegon research finds.
Third of over-55s spend more time choosing a car than preparing for retirement
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Prudential enjoys 13% boost to retirement sales
Prudential has secured an additional 13% of sales in its retirement business, but corporate pension sales fell marginally from £286m to £275m.
Smart Pension and L&G to develop default retirement pathway
Smart Pension and Legal & General (L&G) have partnered to create a workplace pension retirement income product that will combine drawdown and annuities.
Third of drawdown users are first-time investors but many don't seek advice
A third of drawdown users lack any investment experience but many of those do not seek any financial guidance or advice, Zurich research finds.
Default drawdown pathway needed to boost member outcomes, MPs say
The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports
Providers offer suitable drawdown info but people don't consider options - FCA
Providers offer 'large amounts of information'
The challenge of designing defaults to suit most members
Three years after Freedom and Choice, many default funds still have not moved away from targeting annuity purchase. This could have unintended investment risks for members, writes Victoria Ticha
Scottish Widows launches drawdown fund range
Scottish Widows has launched a range four multi-asset funds targeted at those in income drawdown.
Fragmented policy undermines spirit of pension saving
The UK could face a retirement income crisis due to a lack of joined-up policy, according to research by the Pensions Institute. Stephanie Baxter takes a look at the findings
We need more predictability in pensions
Tim Sharp says as the conclusion of the government's AE review approaches, we must start asking more fundamental questions about what sort of pensions system we are building
How asset managers are reacting to pension changes
As DC schemes become an increasingly important client, asset managers must adapt to their evolving needs. Stephanie Baxter examines key trends in the Investment Association's annual survey
How trustees risk providing implicit advice to DC members
Nigel Jones looks at how trustees and employers could be straying into giving members advice rather than guidance when it comes to DC schemes
Drawdown investment strategies are still playing catch-up
There are increasing concerns retirees are not making informed decisions when choosing drawdown funds and could have high exposure to sequence risk, writes Stephanie Baxter.
Royal London's group pensions business soars 32% as it plans Irish base
Royal London saw its group pensions new business grow to £2.5bn in the first half, compared to £1.9bn in H1 last year, according to its interim financial reports.
The perils of 'reckless prudence' in income drawdown
Simon Chinnery asks whether those in income drawdown should de-risk or re-risk with age.
Five stories you may have missed this week
This week's top stories included research revealing schemes could be paying 70% more to investment managers than at the beginning of the decade.
Savers could run out of money in 25 years under average drawdown rate
Savers using drawdown in retirement are potentially accessing their funds at an unsustainable rate, with money likely to run out within 25 years.
AE savers should default to drawdown at 55, annuities at 80, says CPS
The Centre for Policy Studies (CPS) has called for savers to be "automatically protected" in retirement by phasing them between drawdown and annuitisation.
NEST should be allowed to shake up the retirement income market
Tim Sharp says NEST could kick start much needed innovation in the retirement income market
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