Sales of drawdown contracts have more than doubled compared to the third quarter of last year while annuity purchases continue to fall, according to latest Association of British Insurers (ABI) statistics.
The size of pension pots used for drawdown investing has also fallen. The value of drawdown contracts sold by ABI members is about 50% that of the value of annuity sales, compared to 14% a year ago...
From 6 April 2020
PFS conference 2019
Source of certainty
Properties do not exist
13% say SIPP market is damaged
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Adviser recommended products before death
Postcard Planning and NextGen Planners’ Rohan Sivajoti talks to Hannah Godfrey about how his experience in financial services as an ethnic minority differs from his fathers’, who worked in the sector some 40 years ago...
And mortgage lending