Golden opportunities

Dear Editor, Huge growth forecast for the retirement income market in the coming years will present opportunities no financial adviser seeking long-term success can afford to ignore. The increasing number of people reaching retirement and the shift from final salary to money purchase pensions are creating a dynamic market set for sustained growth for many years. Clear evidence of this is reflected in figures showing annuity sales rose 21.5% in 2006 to £9.6bn and income drawdown sales grew 73% to £2.6bn. The Association of British Insurers forecast the annuities market would further doub...