Retirees who put their cash into income
drawdown plans at the start of last year could have already seen around two years of income
wiped, according to pension provide Aegon. Aegon estimated a 65-year old who retired in April 2015 with £250,000 in savings could have been advised to take an income
at a rate of 2.53 per cent, equivalent to £6,325 a year. And if volatility continues pensioners could easily erode 10 years worth of income
, Aegon has calculated.