GLOSSARY

Drawdown definition

What does Drawdown mean?

Pension payment process which allows members to continue to invest their pension funds, while drawing some as income. Before 6 April 2011, drawdown was known as ‘unsecured pension’ or ‘alternatively secured pension’.

Pensions

Pension payment process which allows members to continue to invest their pension funds, while drawing some as income.
Before 6 April 2011, drawdown was known as ‘unsecured pension’ or ‘alternatively secured pension’.

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