Just Retirement has unveiled a guide on unsecured pensions (USP) and annuities options, to help advisers better identify the right products for clients.
The firm says in the current economic climate, consumers are concerned about getting the most money out of pension pots but are finding no 'one-size-fits-all' solution. Just Retirement says USP flexibility is attractive to many retirees - with the prospect of strong investment returns, increasing income levels and tax planning opportunities. However, it warns clients will need at least £300,000 in their pension pot to maximise USP opportunities. "The potential for strong investment returns may not always work in the individual’s favour, for as we have seen recently, sudden downturns in ...
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