Taking control of retirement income

The variable annuity market is going through tumultuous times at the moment. Helen Morrissey talks to Lincoln Financial's Simon O'Connor about how he sees the market developing from here. Have you seen any evidence that people are looking to amend their retirement plans as a result of the current financial crisis? For instance have you seen people having to delay their retirement as a result of a drop in their pension fund value? I think we are seeing this. People are now reaching their normal retirement date and get a shock when they receive information from their pension provider...