Video: Pension drawdown
Is Pension Drawdown suitable for me?
As interest rates and annuity rates have fallen over recent years more and more people are looking at using Pension Drawdown to fund their retirement, and possibly pass their pension fund onto their loved ones.
Pension Drawdown can be a valuable retirement planning tool but it isn't without it's risks.
Whilst traditional pension annuities offer a guaranteed income for life, Pension Drawdown does not! This means that if you were spend your entire pension pot you will have no ongoing pension income and would be reliant on other savings, assets and/or your state pension.
Remember the value of a Pension Drawdown pot can fall due to charges and falls in the value of the underlying investments.
If you are considering utilising Pension Drawdown please contact us by registering online, calling us on 0116 282 2177 or e-mailing email@example.com today and we can work with you to check that it's suitable for you.