Drawdown volatility could hit living standards

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Asset price volatility means pensioners on drawdown could suffer annual income drops of up to 50% which could hit living standards, warns the International Longevity Centre-UK (ILC-UK).

Publishing its Here today, gone tomorrow report, the research centre said a drawdown fund composed of 60% bonds and 40% equities could see yearly retirement incomes vary between £12,000 and £18,000...

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