Income drawdown sales will beat annuities in next year-IFAs

The research shows 17% expect to sell more income drawdown products while only 6% expect to sell traditional annuities. The survey also found 52% of advisers expect to sell more personal pensions plans than any other pension product. A total of 17% plan to sell more SIPPs. Around 3% expect to sell more flexible annuities than any other pension product while 2% say they will sell more stakeholder pensions, 1% believe they will sell more impaired annuities and 1% expect to sell more Group PP. Simon O’Connor, head of product and marketing at Lincoln Retirement Income, says: “Traditional an...