Decumulation: How blending investments and annuities can work

Planning for retirement has changed significantly over the past twenty years. We've seen a substantial rise in market-reliant defined contribution schemes, as opposed to final salary pensions, coming at a time when life expectancy has increased, and we've been given more choice in the products available at retirement through the pension freedoms reforms. During these reforms, people were given the clear message that you no longer needed to buy an annuity, and therefore a secure income, in retirement. It also coincided with annuity rates operating at an all-time low, reducing the level of...