Controlling income

Increasing longevity, falling annuity rates and a general mistrust of pension products are all major issues within the UK retirement market. Despite the growing popularity of income drawdown, the lifetime annuity market still accounts for the vast majority of at-retirement business. While such annuities do provide the stability of a guaranteed income for life the lack of death benefits and the fact that the fund is no longer invested in the market acts as a disincentive to those who wish to have more control over their pension pot. At the other end of the scale income drawdown is seen as ov...