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Briefing note. Income drawdown

Author:
Life Insurance Practice Executive Committee
Source:
Briefing statement.
Publication date:
02 June 2011
File:
Microsoft Word 81.5 KB
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Document description

This paper has been prepared by the Actuarial Profession to explain how income drawdown works. It defines income drawdown, compares it with annuities and examines in some detail the risks associated with this type of plan,