Just like rain: How to cope with falling GAD rates

RETIREMENT PLANNING

clock • 4 min read

Andy Zanelli, head of retirement planning at AXA Wealth, suggests some options for your retiring clients as GAD rates hit the floor and finding income becomes more difficult.

This is a summer like no other. The Diamond Jubilee celebrations, the Olympics and, of course, the unseasonal weather! This season also marks an event which, like the recent incessant rain and cloud, has cast a shadow over retirement planning - the continuing erosion of the Government Actuary Department (GAD) rates which, for August, have hit their floor of 2%. This trend began in September 2009 (see table on page 3) and signals a real concern for advisers as to the short and medium-term impact upon clients, particularly those who are in drawdown and where the provision of higher leve...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

AJ Bell’s Tom Selby joins Sahar Nazir in the studio to unpack the Budget

Sahar Nazir
clock 28 November 2025 • 1 min read
Andrew Goodwin: Advisers shouldn't have to be told to improve

Andrew Goodwin: Advisers shouldn't have to be told to improve

'The fact is that nobody stays ahead of the curve by standing still'

Andrew Goodwin
clock 28 November 2025 • 4 min read
Treasury Committee chair welcomes plan to replace Lifetime ISA

Treasury Committee chair welcomes plan to replace Lifetime ISA

LISA is ‘too complex'

Sahar Nazir
clock 28 November 2025 • 2 min read