1 in 6 drawdown retirees taking out over 10% a year
- Tuesday, 08 May 2018
- Articles
New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.
Read more...Lamborghini buying spree? Just 7% will take whole pension in cash
- Monday, 26 January 2015
- Articles
Much was made about pensioners going on a Lamborghini buying spree once the pension freedoms take effect but a new survey shows only 7% intend to take out their entire fund to use as they please.
Read more...
Experts warn 20% of consumers could exhaust pension funds
- Thursday, 15 May 2014
- Articles
Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned.
Read more...