Nick Castle is 69 and has been investing for 25 years. He is trying to maintain the real purchasing value of his self-invested personal pension plan's (Sipp) capital, which amounted to £403,000 at 1 January 2013, so that after drawing down £25,000 12 months later on 1 January 2014, the £403,000 has grown by the cost of living percentage increase, and will do this again each year going forward. He has a moderate attitude to risk.
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