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

Schroders Annual Results for 2014
Profit before tax and exceptional items up 11 per cent. to £565.2 million** (2013: £507.8 million) Profit before tax up 16 per cent. to £517.1 millio
The results of KGC's 5th Actuarial Fee Survey
KGC associates launches the fifth actuarial fee survey, the only source of data on actuarial fees and services. Widely regarded for its independence a
Kick start to 2015
This year is going to be a big one. The UK general election is just around the corner; Solvency II will come into force; a number of significant con

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


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