Steve Lewis takes a look at the top misconceptions people hold about the annuity market.
The Chancellor's recent announcement on the pension market offers retirees more choice as to how they take their retirement income. However, we believe that annuities will continue to have a place in the market as the certainty and guaranteed income that they provide will remain attractive to many. According to industry figures, some 400,000 annuities are sold every year and research from LV= reveals that annuities are the most well-known financial product with three-quarters (76%) of over-50s recognising it. Despite this, several misconceptions still remain that disengage potential c...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
