Rise to the challenges

The headlines this autumn covering the tumultuous stock market performance will stay with us for a long time. For many people, this must cause worry for their pension plans, especially for those closer to retirement. The pensions industry must now rise to the challenge to offer solutions to those seeking out certainty. Variable annuities might form part of that solution. This import from USA and Japan has seen great success in those countries offering guarantees on income, capital and death. However, so far, the concept hasn't taken off in the UK to the same extent. The question is, why? ...