Traditional annuity demand 'in decline'

A nationwide MetLife study, based on interviews with 100 advisers in April, found almost nine in ten noticed this trend. MetLife says the research highlights a growing awareness of the benefits of more flexible retirement products, particularly since A-Day. However, the research also suggests clients’ understanding of their predicted retirement income remains lacking. Rosy Atal, head of communications at MetLife Europe, says: “A-Day has changed the landscape for retirement income planning and it appears this is translating to greater demand for flexibility. “Advisers are telling us clie...