Bridging the annuity advice gap

For once, the pensions industry is all agreed. Everyone approaching retirement needs help and advice to make the best possible retirement income decision given their circumstances, at the right price. But one of the more perplexing riddles is how we can achieve this for those with smaller pension pots – when consumers either cannot afford or do not value advice, and when many advisers only want to deal with wealthier clients. This is not a new problem. However, this year has seen a new and harder focus on the issue, against the backdrop of increasing numbers of people retiring and follow...