Andrew Nash CFP, APFS Pension Specialist – M&G Life The Continuing Evolution of Drawdown Advice Four years ago I had the pleasure of working with Paradigm to author an e-Book considering Drawdown advice considerations and client issues. As you will recall this was just after the Covid period which had been a reset moment for many clients as they reevaluated their financial plans. The impact of a market downturn and continued investment volatility at that time created an environment that many clients (and advisers) had not experienced before. My article was designed to consider some of the challenges client’s faced, potential advice strategies to be considered and the regulatory backdrop at this time. So that was then – what about now? Now does feel like the ideal opportunity to bring this article up to date (March 2025) to reflect on events we have experienced over the last 4 years and how drawdown advice has continued to evolve to meet the needs, objectives and aspirations of advised clients. This article aims to remind you of some of the key planning issues for drawdown advice. Because the focus is on clients in drawdown I will not be commenting in detail on non-drawdown solutions like annuity purchase for example, although this will naturally be part of your overall consideration and recommendation to a client. I won’t be going into all the technical detail on the topics included, but rest assured, we have full technical support available if you would like more in depth information. Alternatively please get in touch with your usual M&G contact if you would like to discuss this further. 2 Income Drawdown
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