Clients 'want US-style annuities'

According to research commissioned by Lincoln Financial Group, which offers life assurance, pensions and unit trusts, 74% of advisers think their customers would welcome the choice of US-style annuities when considering retirement income plans, with only 5% saying clients would not consider them. However, 46% of advisers polled felt that the complexity of the products was a major weakness, and another 46% thought they produce lower incomes compared to traditional annuities and drawdown products. Lincoln Financial commissioned the research as it enters the UK retirement market with the lau...