Colin Simmons takes a look at the income drawdown market
Volatile market conditions in recent years, and legislative changes in 2011, have had a negative impact on income drawdown. This, combined with the fact GAD rates have dropped significantly, from 5.25% - at their height in 2007 - to 2.25% at the start of 2012, has led to the perfect storm for many -drawdown investors facing their five-year income reviews. As a result, advisers have been conducting difficult conversations with clients since last year when the first wave of post A-Day, five-year income reviews began. Some advisers might now, understandably, be nervous about recommending...
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