Rate rises mean people can secure a higher retirement income
Positives from pooling of skills, resources, and exceptional talent
Figure drops to less than a third for single pensioners
Single pensioners face ‘uphill hike’ compared to couples
When compared to annuity and drawdown options
Extensive changes need to be in place by April 2024
Reducing sequencing risk is part of the attraction
A critical part of death benefits planning
UK savers risk falling 'seriously short' in retirement
This highlights a ‘huge' problem likely to be costing retirees thousands