We offer high-quality pre-built portfolios that could suit those taking an income from their savings. Drawdown generally costs less than drawdown with a guarantee, and offers better flexibility than an annuity. However, savers will need to take on some investment risk.
The value of investments may go down as well as up. Investors may get back less than originally invested. There's no guarantee that the funds will meeet their objectives.
The level of income is not guaranteed. There is a real chance that you may need to reduce your drawdown income in the future, in particular if the performance of your investments is lower than expected, or you live to a greater age than originally anticipated when choosing your initial income level.
You have lots of choice about how you access your retirement savings. We’re here to help. Our website, Your Retirement Planner, has information and tools to help you understand your options when you get close to retirement.