Flexibility: The key to retirement

How the retirement market is shaping up

clock

Sun Life Canada's Mark Stopard looks at how the retirement market is shaping up.

Compulsory annuitisation at age 75, an archaic piece of legislation, has been scrapped to much relief, with ‘Age 77’ being the transitional solution until the Government publishes draft legislation in advance of Budget 2011. The concept of forcing people to secure an income by a particular age is outdated and does not offer the flexibility those approaching retirement need, let alone the generations who will follow them. The Government has recognised that retirement has fundamentally changed. It is now a phased process; the ‘at work one day and not the next’ progression has disappeared f...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read