Tackling the real impact of inflation on retirement income

clock

Vanessa Owen looks at the effect inflation can have on a retirement income

In our world we acknowledge the risk of inflation is a significant threat to a comfortable retirement. Indeed, over half (55%) of people over 50 and approaching retirement say they are concerned about the rising cost of living. However the real impact that inflation will have on retirement income seems to have been overlooked with only one in four (26%) claiming to have considered its impact on their retirement income in the future*. The Bank of England has been targeted with achieving a 2% inflation rate and recent data showing that the rate has dropped to its lowest in over a year i...

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

Targeted support: FCA rules out specific annuity suggestions

Targeted support: FCA rules out specific annuity suggestions

Firms must signpost consumers to MoneyHelper’s annuities comparison tool

Jenna Brown
clock 30 June 2025 • 3 min read
How annuity underwriting needs to change to meet Consumer Duty

How annuity underwriting needs to change to meet Consumer Duty

'This is an industry systematically delivering poor outcomes'

Andrew Gething
clock 24 June 2025 • 4 min read
Annuities in a post-freedoms world: The need for rebranding and repositioning

Annuities in a post-freedoms world: The need for rebranding and repositioning

‘The challenges facing today’s retirees are intensifying’

Steve Butler
clock 22 May 2025 • 4 min read