The Retirement Account

Certainty, flexibility and simplicity for life

What is Pension Drawdown?

Pension Drawdown gives you more control over your savings and you can access your money whenever you want. Put simply, your money is allocated to funds that are invested in shares, bonds, property and other financial investments giving your pot of money a chance to grow and counter the effect of inflation. 

However, there is the potential risk of your investments not performing as well as hoped. If you put all of your money into Pension Drawdown you risk running out of money if your income or withdrawals are in excess of fund growth. It’s difficult to budget when you don’t know how long you’re going to live.

With Pension Drawdown you can take as much or as little of your money as you want while it remains invested. So you can take no money out initially and just leave your funds invested, or you can take a regular income and/or just withdraw money from your fund when you want.

With Pension Drawdown, you’ll need to choose investment funds that are right for you.

Your financial adviser will help you do this. The Retirement Account offers a range of investment choices, including an option of both passive and actively managed funds. These funds may invest your money in shares, bonds, property and other financial investments. The mix of assets in the fund will determine the balance between the potential risk and reward. Your financial adviser will discuss your investment preferences with you and select funds that match the type of investor you are.

View The Retirement Account funds here

 Previous               Next page