Chris Knight: Don't let annuities get written out of the picture

Holistic retirement income plan

clock
Chris Knight: "The market has its work cut out to highlight to both consumers and the media the valuable role annuities can play as a source of later-life income.
Image:

Chris Knight: "The market has its work cut out to highlight to both consumers and the media the valuable role annuities can play as a source of later-life income.

Pension freedom may have given people more control over their retirement income but, warns Chris Knight, a lack of awareness about the various income options available means thousands of people are defaulting to drawdown

Some might conclude it is not looking too good for the annuities market at the moment. The recent Financial Conduct Authority (FCA) bulletin, for example, reports the number of annuity sales has fallen...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Industry Voice: New Consumer Duty - are advisers ready for the changes?

Jamie Jenkins, Director of Policy & External Affairs, Royal London
clock 26 May 2022 • 4 min read
Little variation between advisers CRPs and CIPs, FE finds

Little variation between advisers CRPs and CIPs, FE finds

‘Generation DC’

Jenna Brown
clock 18 May 2022 • 2 min read
Value for money: Half of savers don't care about costs

Value for money: Half of savers don't care about costs

B&CE research finds savers are more engaged with mortgage and banking charges

Hope William-Smith
clock 16 May 2022 • 1 min read