Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.
The provider said 72% of advisers reported a surge in demand for blended solutions, combining an element of guaranteed income with future flexibility. It also said nine out of ten advisers (88%) had seen an increase in demand for drawdown. LV= said it was clear retirees are now more aware of alternatives to standard lifetime annuities, and want increased flexibility through options such as fixed-term annuities and drawdown. Giving retirees access to their full pension pot, subject to taxation was one of the largest changes introduced by the Chancellor. LV= said more than three quarters...
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