New Defaqto drawdown guide - ‘Using drawdown to provide a sustainable income’

What’s in the guide?

We’ve worked closely with Defaqto and our own Royal London pensions technical experts to produce a detailed drawdown guide – packed with facts and tips to help advisers research and provide compliant recommendations to their clients.

The guide is split into two sections:

1. The advice process

This section provides structured CPD and gives advisers helpful information and guidance when advising on using drawdown to produce a sustainable income and facts and tips on how advisers can make their advice easier and more compliant, while enhancing the client’s experience.

2. Royal London’s at retirement solution

This section takes a deeper dive into the retirement support and solutions we offer advisers and paraplanners - from the key features and benefits of our Pension Portfolio (with Income Release), to our GRIPS and suite of pension tools.

Commenting on the guide, Ryan Medlock, Senior Intermediary Development and Technical Manager at Royal London, says:

“Income drawdown has grown from being a niche solution to becoming part of mainstream retirement planning since the advent of Pension Freedom and Choice.

However, there are many factors that need to be considered and this guide is a comprehensive source of information on the whole advice process from how to determine whether income drawdown is the right solution for your client right through to planning an income that will last your client throughout retirement.

While such a guide is always useful, we feel that its particularly timely to revisit this information given the market volatility experienced as a result of COVID-19 and its impact on retirement portfolios.”

Download a copy of the guide now.