TITLE

INCOME DRAWDOWN: Releasing the benefits

AUTHOR(S)
Watt, Gregor
PUB. DATE
February 2008
SOURCE
Money Marketing;2/21/2008, p73
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the final-salary pension scheme in Great Britain. The scheme includes two options for the retirement income and these include annuity and income drawdown. It is stated that the annuities are the best option to the retirees because of the certainty of income. On the other hand, the income drawdown were gaining popularity because of the change of rules governing the rates of income withdrawal.
ACCESSION #
31203777

 

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