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Write a phrase, the answer to which is present in the passage. The answer to this question should be completely and unambiguously found in the passage. The query must be about a single or multiple linked entities.

Drawdown may refer to: Drawdown (economics), decline in the value of an investment, below its all-time high. Drawdown (hydrology), a lowering of a reservoir or a change in hydraulic head in an aquifer, typically due to pumping a well. Pensioners who take a regular income from their savings are at risk of losing 13,500 in fees, according to new research. Pensioners who take a regular income from their savings are at risk of losing 13,500 in fees, according to new research. Register with lovemoney.com and connect with clever people, personalised content and all the tools you need to get the most out of your money. A: According to Business Dictionary, a loan drawdown is when someone withdraws funds from a loan facility. Practical Law says lenders often allow drawdowns to give money advances to borrowers and set interest rates based on these short borrowing periods. Quick Answer. According to Business Dictionary, a loan drawdown is when someone withdraws funds from a loan facility. Practical Law says lenders often allow drawdowns to give money advances to borrowers and set interest rates based on these short borrowing periods. Definition of income drawdown Income drawdown (also known as Unsecured Pension) is the name given to the facility to continue to keep your retirement savings invested and take an income each year rather than buy an annuity. This facility can only be used from ages 50 (55 from April 2010) and 75, at which time an annuity has to be bought or the money transferred into an Alternatively Secured Pension. The minimum income that can be taken from a drawdown arrangement each year is 0. The maximum income is 120 per cent of a pension calculated according to tables produced by the Government Actuary's Department (GAD). Savers who take advantage of pension freedoms to regularly withdraw cash from their pension pot are being hit with hefty fees, according to new research. The problem occurs when people access their pension savings and opt for a drawdown deal that allows them to regularly withdraw lump sums. For example, if someone moved to AJ Bell when they retired and went into drawdown they would be charged around 100 a year in admin fees on a 100,000 pot plus a 0.25% annual charge. They could then choose from investment funds with annual fees of 0.22%. Definition of income drawdown. Income drawdown (also known as Unsecured Pension) is the name given to the facility to continue to keep your retirement savings invested and take an income each year rather than buy an annuity. According to Business Dictionary, a loan drawdown is when someone withdraws funds from a loan facility. Practical Law says lenders often allow drawdowns to give money advances to borrowers and set... According to Business Dictionary, a loan drawdown is when someone withdraws funds from a loan facility. Practical Law says lenders often allow drawdowns to give money advances to borrowers and set... Star Gazing
Output:
drawdown fees meaning