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Actually I regard myself as a secure cautious investor and I would not consider the alternative - an annuity.That's because I remember too well (like many people coming up to retirement now) the 1970s and the inflation we had then. An index-linked annuity, which would cover that is an expensive luxury which I certainly couldn't afford and that's the only genuinely secure approach.
That may be your view but if i was to do a drawdown case for someone calling themselves a secure/cautious investor, it would be a upheld complaint waiting to happen.
I'm sure the FOS wouldn't rate my client file highly if i put a file note saying "Editor at MSE said it was ok to do"
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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