Fidelity gives advisers annuity alternatives

The company, which has produced a research paper on the topic entitled ‘Income planning at retirement’, said following pension simplification there are now a number of methods for savers to maximise their income or preserve as much flexibility as possible. Fidelity has written five retirement income planning guidelines which it said advisers should consider following when dealing with clients. Peter Hicks, head of IFA business at Fidelity, said investors who typically have over £100,000 could, for example, use a tax-free cash lump sum to generate their immediate income at retirement w...