Billy Burrows: Why fixed term income plans deserve advisers' attention

'The more tools advisers have in their toolbox the better...''

clock • 5 min read

Retirement specialist Billy Burrows takes an in-depth look at fixed term income plans which, he says, should be an option in every adviser's toolbox

Before pension freedoms there was a healthy debate about annuities and drawdown and what lies in the middle. However, since 2014, when the George Osborne first announced the new freedoms, this debate has almost disappeared as drawdown becomes the new default and annuities have gone out of fashion.  But three years after pension freedoms it is a good time to reignite the discussion about how best to convert pension pots into income because this is still one of the most complex decisions in retirement planning and where expert financial advice is needed. Where better to start than by...

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

UK borrowing costs rise as gilt yields surge to near 27-year high

UK borrowing costs rise as gilt yields surge to near 27-year high

30-Year gilt yields rose to highs last seen in 1998 on Monday

Linus Uhlig
clock 19 August 2025 • 2 min read
M&G's opens fixed term annuity to UK retail market after soft launch

M&G's opens fixed term annuity to UK retail market after soft launch

Prudential Guaranteed Income Plan backed by £128bn With-Profits fund

Jenna Brown
clock 22 July 2025 • 1 min read
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