Question: How is the current downward pressure on interest rates affecting how people are planning for their retirement?

Simon Blowey is divisional director - financial planning at Brewin Dolphin Crashing interest rates have added another dimension for both client and adviser to deal with. As more people are tending to adopt a 'wait and see' approach to forced annuitisation at 75 with a possible future Tory government, this could mean that annuity purchase could be even less likely, with base rates now at 3%, as one of the determinants of annuity rate setting. However, there are still opportunities and options for clients to consider for their cash/low risk element to their investments. Liquidity funds, m...