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

Annuity rates reach 18-year high of 7.75% in July

Annuity rates reach 18-year high of 7.75% in July

Up from 7.66% in April

Sophia Panayi
clock 30 July 2026 • 2 min read
Enhanced annuities: Turning health realities into better retirement outcomes

Enhanced annuities: Turning health realities into better retirement outcomes

'Retirement planning is not about choosing one solution over another but finding the right balance between them'

Mike Batty
clock 20 July 2026 • 3 min read
Robust fact‑finding: Annuities are back but file quality must keep pace

Robust fact‑finding: Annuities are back but file quality must keep pace

'Good quality annuity files tend to have one thing in common: robust fact‑finding'

Shirley Owen
clock 16 July 2026 • 4 min read