Pensions - Articles - Support for new Defaqto guide on income drawdown

 The guide, Using Drawdown to Provide a Sustainable Income, is produced by Defaqto on an annual basis and provides structured CPD as well as helpful information and guidance for use when advising on using drawdown to produce a sustainable income.

 The guide also includes facts and tips on how advisers can make their advice easier and more compliant, while enhancing the client’s experience.

 Commenting on the publication of the guide Ryan Medlock, senior intermediary development and technical manager at Royal London, said: “Income drawdown has grown from being a niche solution to becoming part of mainstream retirement planning since the advent of Pension Freedom and Choice. However, there are many factors that need to be considered and this guide is a comprehensive source of information on the whole advice process from how to determine whether income drawdown is the right solution for your client right through to planning an income that will last your client throughout retirement. 

 “While such a guide is always useful we feel that it is particularly timely to revisit this information given the market volatility experienced as a result of COVID-19 and its impact on retirement portfolios.”

 The guide can be downloaded here