Majority of IFAs looking for annuity alternatives - research

The study from Primetime Retirement also found 79% of the 447 UK-based IFAs questioned do not believe that conventional annuity rates will rise over the next year. They were more positive about annuity rates in the medium term however, with 58% predicting improved rates in the next five years. The retirement specialist said that the research highlights the income gap facing many people in retirement and the need for increased flexibility and innovation in retirement income solutions. Primetime Retirement chief executive Kim Lerche-Thomsen said: "We are currently seeing low annuity ...