Advisers present the option of an inflation-linked annuity to clients as standard practice. So why don't more people choose to protect their income in retirement? Jenna Towler finds out…
Protecting your retirement income from the scourge of inflation sounds like a great idea, right? But according to a parliamentary study, about 95% of people do not bother with this form of defence when they retire. Fund manager Schroders is calling on the industry to be more innovative in the retirement space and raise awareness of the impact inflation can have on retirement income. The firm said it was especially important as the number of defined contribution (DC) pension savers reaching retirement increases. Head of UK strategic solutions Mark Humphreys said: "The lack of option...
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