Our drawdown governance service turns three

• Over 26,000 customers are registered on DGS.
• 70% of these customers are taking an income.
• The average amount of retirement savings is over £110,000.
• The average age of a customer is 65.7 years old.
• Over 3,000 adviser companies are using the service.

There’s more than £3.2bn invested in our Governed Retirement Income Portfolios (GRIPs). 

Figures at 1 May 2019.

Most of the customers on DGS are baby boomers - a generation that’s saved hard and is now looking forward to enjoying their retirement.  But they also have a lot to think about. Should they:

• Save money for ‘later life’?
• Help out family members who may be struggling financially?
• Or just enjoy life? They’ve saved for it after all.

Can they do all three?

Our drawdown governance service is designed to help you monitor the sustainability of your client’s income and see when things are heading off track.

Every quarter, it will calculate a new income sustainability score for your clients, based on what’s happening in the market.

Every quarter, it uses a sophisticated economic forecast, provided by Moody’s Analytics, to calculate a new income sustainability score for your clients, based on what’s happening in the market.  This stress tests your client’s income by looking at 1,000 different ways the economy could perform and lets you know if any of your clients need attention.

To find out more about our drawdown governance service, speak to your usual Royal London contact.