Articles - LV= comment on the rising GAD rate


 Ray Chinn, LV= Head of Pensions and Investments said:

 "For the majority of people, retirement is no longer an absolute event whereby they hit 65 and leave the workplace forever. It's become a phased event and income drawdown fits very neatly into that space.

 “Indeed, one of the reasons clients use income drawdown is because it allows them to turn the ‘income tap’ on and off. For those clients that continue to work this is extremely useful as it means that they can access their fund, but can drip feed the income so they don't end up in a higher tax bracket.

 “In January, a 65 year income drawdown client with a £100k fund will be able to take £7,320, rather than £7,080, from their fund.

 “An income drawdown product could provide many with the flexibility they require and we would encourage people to seek advice and consider all the options available, in order to maximise their income in retirement.”

Back to Index


Similar News to this Story

Can we declare auto-enrolment a success?
Just over two years on from its introduction, auto-enrolment (AE) is being hailed a success by many. A DWP press release in March was keen to underl
Altmann’s Alternatives: The pensions path ahead
Ros Altmann has rightly said that she will prioritise taking forward the work to bring in the new State Pension Scheme, help millions more to be enrol
Hacking the data secrets of Cyber Cover
Cybercriminals use strategies to select their victims and are not always selective about who they target. Examples of commonly targeted entities inclu

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.