The third way has not lost its way

A booming market The retirement market is one of the few sectors showing positive growth and this is largely due to the ageing population and an attractive 'baby boomer' audience. Over the last five years, the annuity market overall has recorded healthy growth of 12% a year while income drawdown has seen 14.9% growth*. This growth has led to increased product innovation as advisers and consumers look for new ways to mitigate the risks now faced in retirement. This has clearly been welcomed with sales of variable annuities doubling in the past year. Variable annuity premiums grew from £...