Greg Neilson: What advisers need to know about annuities in later life

Pension freedoms changed how consumers interact with their pensions but what does this mean for older consumers when it comes to making choices? In 2017, the Financial Conduct Authority (FCA) commissioned research agency the Big Window to conduct an extensive review into the Ageing Mind, as part of its Ageing Population project. The purpose of the review was "to provide a good working overview of the entire spectrum of cognitive factors that could affect the way in which older consumers engage with financial services". From a retirement perspective, the good news is that financial ...