- pension drawdown
- /'penʃən ˌdrɔ:daυn/ nounsame as income drawdown
Dictionary of banking and finance. 2015.
pension drawdown
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Personal pension scheme — A Personal Pension Scheme (PPS), sometimes called a Personal Pension Plan (PPP), is a UK tax privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it may also be used … Wikipedia
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Mortality drag — is a term used, in reference to lifetime annuities, to describe a negative impact that is experienced when an annuity purchase is delayed on a fund from which regular withdrawals are being taken by an individual. It is the increasing risk of… … Wikipedia
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
income withdrawal — Members of money purchase schemes that are under age 75 may draw an annual income from their unsecured pension while leaving the remainder invested. If they have reached age 75, the members may continue the arrangement as an alternatively secured … Law dictionary
