William Burrows: Is this a platform for rediscovering annuities?

Phased annuity purchase

clock
William Burrows: "There has always been a strong case for phased annuity purchase and having an annuity option as an integral part of a SIPP platform makes this much easier."
Image:

William Burrows: "There has always been a strong case for phased annuity purchase and having an annuity option as an integral part of a SIPP platform makes this much easier."

Pension freedom means annuities need to be used differently and, writes William Burrows, making them available on SIPP platforms - as one now is, as of this week - means they can be thought of as a new asset class

Annuities are one of the oldest financial policies - and in fact they can be traced back to Roman times. There have been several attempts to innovate or reinvent them but, aside from advances in un...

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

Helen Hollister

How to boost women's engagement with retirement planning

Why do women engage differently with pensions than men?

Helen Hollister
clock 23 September 2022 • 3 min read
Arends: ""With inflation running high, savers may be tempted to cut back or even stop pension contributions."

Expected standard of living in retirement for DC savers on the rise

Falls in actual returns were offset by rises in expected future returns

Jonathan Stapleton
clock 22 September 2022 • 2 min read
UK retirement security declines for fifth year in a row

UK retirement security declines for fifth year in a row

UK ranks 19th out of 44 countries for retirement confidence

Hope William-Smith
clock 13 September 2022 • 4 min read