Retirement Income

How do you manage a drawdown portfolio?

How do you manage a drawdown portfolio?

Pension freedom has placed the issue around drawing an income from a fixed fund onto centre stage. The nature of retirement suggests that there is no more capital to be added, so what is there has to be nurtured to the end, whenever that may be. Although the starting fund size may seem large, this can disappear quickly, like bathwater after the plug has been pulled

Pension Freedom and the Department of Work and Pensions

You may remember from the press coverage at the time that the pensions minister, Steve Webb, suggested that a new pensioner might spend their capital on a Lamborghini rather than a long term income. (http://www.bbc.co.uk/news/uk-politics-26649162). The DWP have made it clear that the normal means tested benefit rules will apply to pension credit as well as the other common benefits. (https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/417473/pension-flexibilities-dwp-benefits.pdf