Emma Watkins: Educating partners on single life annuity risks

Protecting women in retirement

clock • 5 min read

What could be more romantic than providing a lifetime income for your spouse? Here Emma Watkins looks at the merits of joint-life annuities

Longer life expectancy and an increasing demand for social care in older age are set to place growing pressure on the UK population as they head into retirement. This is especially the case for women, who historically have been financially disadvantaged compared to men. There are many important choices to be made about how we use our pension savings. However, it can be difficult to think about end-of-life plans and the implications of these. Advisers need to pursue these tricky conversations and highlight the impact these decisions will have in ensuring financial security, especially whe...

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 Income

What next for the income drawdown 'class of 2015'?

What next for the income drawdown 'class of 2015'?

‘Advisers know that retirement planning does not stop at retirement’

Stephen Lowe
clock 28 March 2024 • 5 min read
Retirement income advice: FCA finds 'mixed picture' among case files

Retirement income advice: FCA finds 'mixed picture' among case files

Regulator published outcome of thematic review into retirement income advice

Jenna Brown
clock 20 March 2024 • 5 min read
FCA tells IFAs to review retirement income advice processes

FCA tells IFAs to review retirement income advice processes

Comes after regulator’s thematic review of retirement income advice

Jenna Brown
clock 20 March 2024 • 2 min read