Retirement options

When advising on retirement options, it is dangerous to jump to conclusions. In the vast majority of cases, it would be wise for advisers to consider, admittedly in some cases briefly, all of the options conventional annuity, with-profits or unit linked annuities, income drawdown and the possibility of phased retirement. Clearly, phasing can be utilised in conjunction with any of the first three. A conventional annuity has the merits of security and stability. It represents the only vehicle that provides a guaranteed income for as long as the annuitant (or annuitants) lives. Decisions ar...