Drawdown is drawnout

clock

As increasing numbers of people choose to ease into retirement Andrew Tully looks at the products available

We have been hearing for many years that we will live longer than our parents and grandparents did, but the stark reality of what that actually means is now becoming clearer. Recent figures issued by the government show 1.2 million people above state pension age (65 for men, 60 for women) are still working in the UK. This is an increase of 7.8% on the same period in 2005, and an amazing 37% increase over the last 10 years.* It is positive that those people who want to continue in work when they are older now have many more opportunities. But it is clear many of the people who continue to w...

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 Income

Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read
M&G launches fixed term annuity as it re-enters market

M&G launches fixed term annuity as it re-enters market

Fixed term of between five and 15 years on £10,000 minimum lump sum

Jenna Brown
clock 12 March 2025 • 2 min read
L&G reports record annuity sales of £2.1bn for 2024

L&G reports record annuity sales of £2.1bn for 2024

New business sales of annuities up 48%

Linus Uhlig & Jenna Brown
clock 12 March 2025 • 3 min read