Retirement choices: the pros and cons

The retirement industry has undergone phenomenal change during the past few years. This has happened on three counts. Firstly, regulatory change has cast a shadow over the advisory community for a good few years, now obliging advisers to re-evaluate everything they do and what they specialise in. Secondly, demographic changes mean consumers are living longer than ever before – and by inference living in retirement longer too. Gone are the gold-plated pensions of previous generations and, instead, we can expect to work longer and save harder to fund our retirement. Finally, successive ...