As stormy markets continue to pose difficult questions for retirees Kelly Wheble goes through the available options
Tough times are forcing us to make tough decisions about how best to plan for the future - those in the run-up to retirement are no exception. Consider the environment facing today's retiree, many of whom will be considering the value of locking into fixed benefits for the rest of their lives. Average annuity rates have fallen by more than 6% since reaching a three-year peak last summer, according to latest research from Moneyfacts. A similar picture was painted by Alexander Forbes which not only reported falling annuity rates but an even greater fall in smoker rates. The latest cut in ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
