How Does the UK Pension Drawdown Work?

Stuart Trow, a Bloomberg Opinion columnist and author of "The Bluffer's Guide to Economics," shares his expertise on pension drawdown. He explains how this method allows retirees to access their pension income while keeping the rest invested. The discussion emphasizes the complexities of choosing tax-free lump sums and managing investment strategies. Trow highlights the importance of understanding risks like longevity and inflation in retirement planning. He also contrasts individual bonds with bond funds for sound financial decision-making.