Retirement planning isn't just swapping a pension fund for an annuity anymore.
Unsurprisingly, clients may be reluctant to commit to an income for life while annuity rates are low. Now there are products that let them delay their final decision, but still take tax-free cash and an income from their pension fund. An attractive alternative Fixed-term plans can be an attractive alternative to traditional retirement options. They offer clients greater flexibility, including tax-free cash if they haven't already taken it, and the option of an income without locking clients in for life. With these products, clients have the opportunity to make a decision for a set ...
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