According to new figures from Aegon, drawdown investors are sticking with familiar strategies and well-known fund choices, rather than newer, more tailored drawdown solutions.The retirement income market has changed dramatically in the two years since the pension freedoms launched. Drawdown has become the most popular option for retirees, growing from 15% of retirement income sales in Q3 2013 up to nearly half (46%) by Q3 20161. But, Aegon’s research compared investment choices made by its drawdown and non-drawdown platform investors [i.e. those still saving for retirement], and found they only differed slightly, despite drawdown investors having different demands […]
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