Defaqto publishes a professional's guide to drawdown
21 September 2015
Defaqto has now launched an independent case study specifically aimed at advisers who advise on retirement planning, both in the accumulation and decumulation phases.
It is primarily designed to inform financial advisers with a detailed look at the key retirement planning and investment considerations that should form part of any plan to produce income in retirement.–
This CPD-accredited publication covers:
- Key points to consider before taking benefits
- Evidencing the suitability of different income sources
- Understanding the continuous cycle of drawdown
- Sustaining income in retirement
- Benchmarking returns and suitability
The study also contains some great take-aways including;
- A one page decision tree to support those advising clients with savings in a pension scheme
- A list of tax facts advisers can consider in their retirement planning advice
- A worked example of how pension savings can be passed tax efficiently through generations
- A deep dive into how the sponsors, Prudential, PruFund range of funds can be used throughout all the stages of retirement planning
Richard Hulbert, Defaqto Insight Analyst (Wealth), says:
“The pension freedoms have resulted in a seismic movement from the sole selection of an annuity to drawdown, however, for many clients a blending of solutions may often be more appropriate for those in retirement.”
“This case study details the tax planning opportunities available to those in search of income in retirement. It also takes a detailed look at how segregated income needs may be identified and then meet them using different income sources. It also illustrates how income and/or capital may be sustained in the attempt to avoid ultimate financial ruin.”
