Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
The study found that 41% in drawdown are withdrawing the same amount from their pension regardless of how the stock market performs.
In a statement released on 27 June, a Zurich spokesperson said: “With more than 431,000 retirees using income drawdown to fund their retirement, this means as many as 176,000 people could be impacted.”
Read More: International Adviser
