understand about Pensions. One of the questions we get asked most frequently is ‘What is a drawdown Pension?’. Well, there are avariety of ways that you can take your Pension* when it’s your time to leave the world of work and enjoy your retirement. Drawdown is an option you could...
Pension drawdown, or pension income drawdown as it is also known, is a flexible way of accessing the money in yourpensionwhile it remains invested. This means you can draw a retirement income but your remaining pension fund retains the chance to benefit from investment growth over a longer per...
Don't confuse stock price or market drawdowns with retirement drawdowns. A retirement drawdown refers to how retirees withdraw funds from their pension or retirement accounts. Time to Recover a Drawdown While the extent of drawdowns is a factor in determining risk, so is the time it takes to...
Understanding the duration and renewal processes of the widow pension program is crucial for widows to effectively plan their finances and ensure a stable source of income in the aftermath of their spouse’s death. Additionally, widows should stay informed about any changes or updates to the pensio...
What is a Pension Annuity? A pension annuity is a product that converts your pension pot into guaranteed regular income for the rest of your life, no matter how long you live. With a pension annuity, you'll know exactly how much you're getting, come rain or shine. Our annuity calcula...
A pension is a pot of money that you save up over time for your retirement. The aim is that over the long term your pension pot will grow sufficiently to support you financially when you retire. With a pension, your money is usually invested in the stock market through pension funds. ...
A defined contribution pension (aka a DC pension or a money purchase scheme) is a type of private pension that you contribute to on a regular basis. You define how much and when you pay into it. That’s why it’s called a defined contribution pension. A DC pension can be: A work...
A private or personal pension is set up on your own. It’s separate from your state pension and any workplace pension. For some people, such as the self-employed, a private pension may be their only option. But even if you already have aworkplace pension, you can also set up a sepa...
Capped drawdown is a form of income withdrawal. The maximum income that can be taken in a pension year (which starts when you first go into drawdown) is calculated by the Government Actuary’s Department. Any income taken cannot exceed this limit but the amount can be varied from year to ...
subsumed under a common framework, which we refer to as the weighted drawdown (wDD) framework because its main idea is to attach weights to different elements” of drawdown. “By choosing a set of weights, new drawdown measures can be developed and tailored to a client’s conception of risk...