Fiona Tait: Annuities - the ultimate in 'simplification'

'Not just the endpoint of drawdown'

clock • 4 min read

When it comes to retirement income options nothing is simple, writes Fiona Tait. Here she talks about the need for advice when clients are about to make their decumulation decisions...

The Work and Pensions Committee (WPC) have a habit of picking up on the practical issues which seem to evade government and regulators. Thus, they have opined in their latest report that ‘making pension decisions is complicated' and savers may need more support to help them find the right option for them. The fact that it hasn't become any easier since 2015 was once again brought home to me when I updated our Retirement Options guide which, despite my intention to make it as concise and simple as possible, still ran to 13 pages. What I found slightly surprising was that just over h...

To continue reading this article...

Join Professional Adviser for free

  • 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 Pensions

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read
Utmost to sell life and pensions business to JAB Insurance

Utmost to sell life and pensions business to JAB Insurance

To focus on wealth solutions business

Jen Frost
clock 22 December 2025 • 2 min read
Editor's view: How disjointed is the government's salary sacrifice change?

Editor's view: How disjointed is the government's salary sacrifice change?

The editor's Friday Night Takeaway from 19 December

Jen Frost
clock 19 December 2025 • 3 min read