Advisers should focus on alternatives to annuities to help high-net-worth clients maximise their retirement income, claims Fidelity International.
In a new research paper: ‘Income Planning at Retirement’, Fidelity argues since A-Day financial advisers can increase their clients’ retirement income through “more sophisticated combinations of annuities, drawdown products and phased retirement plans”. Although Fidelity admits the research, which examines alternative methods of decumulation to annuities designed to maximise income or preserve flexibility, is particularly relevant to “more affluent savers with pension pots of £100,000 or more”. The 20-page paper shows how various options compare to the ‘default’ option of a level, singl...
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