Multi-asset class takes the crown in drawdown market boom
30 Aug 17
While the number of retirees opting for drawdown has more than trebled since the introduction of the pension freedoms, retiring investors are choosing funds with long-term investment targets to meet near-term income needs, research from Dutch insurer and pension provider Aegon shows.
Aegon’s research compared investment choices made by its drawdown and non-drawdown platform investors [i.e. those still saving for retirement], and found they only differed slightly, despite drawdown investors having different demands on their money and generally shorter investment time frames.
For those in drawdown, the largest investment flows over the past year were into multi-asset strategies (45%), with equity growth second (18%), bonds third (15%) and equity income fourth (12%).
Tags: Drawdown
