What do retirees want from their retirement income?

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As the industry gears up for the introduction of retirement freedoms in April what will people choose? Stephen Lowe goes through recent research into what retirees are looking for.

George Osborne's ‘freedom and choice in pensions' reforms may be good politics, but will they turn out to be good policy? The full consequences will only start to be seen once real retirees with real money start making their choices from April next year. In the meantime, all businesses keen to thrive in the new pensions environment are trying to understand how consumer behaviour is likely to evolve and what solutions will best meet their needs in the future. Of course, a good way to find out more is simply to ask tomorrow's retirees what they would like to do with their money. The proble...

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