Getting the most out of pensions 'Third way' products offer a great deal of flexibility, sitting in between old-style annuities and drawdown options. They provide innovative solutions for those planning their income in retirement, enabling clients to keep control of their funds for a longer period.
These products have for some time been commonplace in the US and Japan, where individuals have been able to keep their funds invested until 75 and beyond without the risks inherent in drawdown and the inflexibility of traditional annuities. Today's pensioners tend to be more active than previous generations and often need more money to fund their lifestyle as they move into retirement. Due to increased life expectancy, and the likelihood of having to pay for care, it is more important than ever for those approaching retirement to make the right decisions in order to get the most...
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