Aegon Adviser Attitudes Report 2021

Income drawdown products still dominate 73.3% of clients' assets are invested in income drawdown, of which 38.4% is in respect of clients who are taking income, with 24.3% in respect of those not yet taking income and 10.6% in respect of those using drip-feed drawdown. Only 7.9% of assets are used to purchase an annuity, with 4.5% used to take an uncrystallised pension funds lump sum and a further 2.6% taken as cash. On average what proportion of your recently retired clients’ pension assets use the following types of strategy? Income drawdown (income being taken) Income drawdown (no income being taken) Leave their pension uncrystallised Drip-feed drawdown Annuity UFPLS Withdrawn as cash 38.4% 24.3% 11.6% 10.6% 7.9% 4.5% 2.6% 0 5 10 15 20 25 30 35 40 45 73% of adviser’s clients opting for income drawdown products Aegon adviser attitudes report 2021 47