Drawdown pensions

Do you have a financial advisor - he/she/they as will show you what you’ve taken out and how much is left of the fund (pot) and how each investment is performing. Depending on your ‘openness to risk’ you could chose to move some funds into a different area. Part of my contract with my FA is an annual visit.
There was a real drop in performance at the back end of last year - not all because of Putin and Ukraine, although that was a factor, but really markets just getting back on track after Covid.
It could be that your older friends have now purchased annuities, so have a guaranteed income for life?

@ Georgesgran . Yes we have a financial advisor and we have chosen a medium risk investment portfolio, which feels about right for us.
We wouldnt want to change this strategy and either consolidate losses or take an increased risk whilst drawing down . We know our friends havent bought annuities as they were open about choosing drawdown but quite rightly do not discuss how their investments are performing, and of course we dont ask , which is why I am asking on an anonymous forum .

*OP should read economic factors ( fat finger typing )

If it’s any help - my fund dropped almost by the amount I’d drawn down plus the FA’s fees - it had made next to nothing.
My FA is asking me to consider buying an annuity as between 70 and 75 is the optimum age.

Unfortunately we need to drawdown more before state pension age and less when we are getting the state pension but annuities are definitely the right option for some people .