Why choose the Pick-A directory?

clock

Stephen Lowe outlines the thinking behind the recently launched Pick-A directory and looks at how it can facilitate shopping around for a retirement income.

One aspect of the annuity market that doesn't get much attention is that in many cases it functions perfectly well. Each week thousands of retirees shop around and exercise informed choice in buying a guaranteed income for the rest of their lives. Many are able to secure a higher income due to a medical condition or lifestyle factor. Understandably, attention is focused on those who are not so well served and the resulting £1 billion a year of lost retirement income. The biggest factor in why some lose out and some don't isn't lack of options, products, information or support, but lack o...

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

Advisers have bigger role to play in annuity journey of clients

Advisers have bigger role to play in annuity journey of clients

Just 29% of annuity sales are advised, according to ABI data

Ahmed Bawa
clock 03 May 2024 • 4 min read
What next for the income drawdown 'class of 2015'?

What next for the income drawdown 'class of 2015'?

‘Advisers know that retirement planning does not stop at retirement’

Stephen Lowe
clock 28 March 2024 • 5 min read
Retirement income advice: FCA finds 'mixed picture' among case files

Retirement income advice: FCA finds 'mixed picture' among case files

Regulator published outcome of thematic review into retirement income advice

Jenna Brown
clock 20 March 2024 • 5 min read