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Article: INCOME DRAWDOWN: Deferred deals.
- Article from:
- Money Marketing
- Article date:
- February 21, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When it comes to post-retirement options, pension investors are spoilt for choice. Income drawdown and so-called third-way products have meant that annuities are no longer the default option.
However, with more choice comes more risk and more responsibility for advisers. For many investors, an annuity remains the best option but, with a growing number of semi-retirees - people who continue to work part-time after their official retirement age - income drawdown and the third-way annuity alternatives may be more suitable.
Income drawdown is one option which has grown from strength to strength in the last decade. In the mid 1990s, drawdown was being ...