Income

ANNUITIES

Up to 55% of advisers have seen a rise in drawdown clients suffering cuts in income in the past 12 months according to MetLife research.

Business and compliance company SimplyBiz has launched a non-advised annuity referral service.

SIPP provider James Hay has expressed concern over a rise in queries to use flexible drawdown to strip out pension funds.

The GAD drawdown yield for August has been set 2.75%, up a quarter of a per cent on July, meaning drawdown pensioners can increase the amount of income they can take from their pot.

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

Closed-life consolidator Phoenix Group Holdings has confirmed it is in initial talks with Swiss Re's Admin Re Business Unit over a potential merger.

Fiona Murphy goes through the results of this month's Inquiry and asks advisers how income drawdown is developing

Problem debt is on the increase among older clients. Fiona Murphy asks: What are the most common types of debt and how could this be mitigated in the advice process?

Vince Smith-Hughes looks at the tax benefits of using income drawdown