The potential return of annuities, the pension gender gap and probate tips - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Ripped-up pension plans push retirees towards low-paying annuities Half of Britons saving for retirement will no longer be able to afford their plans as the coronavirus market crash and economic lockdown have left them with a "black hole" in their pension pots, The Telegraph reports. According to Fidelity, almost two thirds of savers who planned to stop work in the next five years saw their savings drop off this year. As many face the prospect of a poorer lifestyle in their later years than they envisaged, people are turning to fixed-term annuities. Fidelity's Maike Currie tells ...
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