William Burrows: Drawdown - good, bad or indifferent?

There are many different ways of arranging a drawdown plan. Different levels of income, investment strategies and charging structures all mean it is very hard to compare drawdown plans and begs the question: How can advisers and their clients judge whether a drawdown is good, bad or indifferent? Working out what is happening inside a drawdown plan may be harder than first imagined. In the days before pension freedom, it was good practice to benchmark drawdown against annuities - for instance, over the long term, would drawdown pay out more income than an annuity? This comparison might ha...