Blog: What does the future have in store?

clock

Nick Elphick, managing director of specialist products, AXA Wealth, considers what the future has in store for ‘traditional', stand-alone products.

I read in the press this week that life expectancy in Britain is increasing by 20 minutes every hour, and that as a whole the nation is woefully unprepared for the financial implications of this*. A fact that was reinforced by our own research this year, which found that the average pension shortfall in the UK was more than 20% and that on average we will be £4,613.96 per year worse off in retirement than we expected. With increasing longevity and a gap in retirement saving, it is increasingly important for consumers to consider the planning options available and how to make the most of ...

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 Income

Record-breaking year for annuities as larger pots drive £7.4bn sales

Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pensions freedom bombshell

Jenna Brown
clock 12 February 2026 • 3 min read
Annuity rates rose to 7.51% by end of 2025

Annuity rates rose to 7.51% by end of 2025

Rise worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
L&G joins with HSBC UK in annuity access push

L&G joins with HSBC UK in annuity access push

HSBC customers given direct access to L&G annuity service

Jenna Brown
clock 07 January 2026 • 2 min read