Category: DC
Pension income: Why drawing down is going up
With 60 being the new 40, savers’ active years are far from over when they give up work – for some, life becomes even more frenetic. In recent years, retirees have increasingly turned to income drawdown to help fund the lifestyle they want.
We conducted a five-year study on our members’ retirement choices during the period 2015-2019.1 Below, we look at the developing trends for members selecting income drawdown.
So, in our latest infographic and longer thought piece, we sought to find out who opts for income drawdown, how much they choose to withdraw and how sustainable this is proving to be, post-retirement.
Read our infographic and longer piece
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