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

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

clock • 5 min read

How should the income drawdown ‘class of 2015’ be thinking about the next stage of retirement? Stephen Lowe looks at the issues…

Many of the first cohort who retired under pension ‘freedom and choice' reforms – first announced in George Osborne's Budget ten years ago – are now likely to be approaching, or have already celebrated, their 70th birthdays. Although the more ‘active' early stage of their retirements may be nearing an end, septuagenarians still need to plan for the possibility of many more years of life. Nearly half of men and six in ten women turning 70 this year are expected to live to age 87 with the longevity odds tipped in favour of wealthier people. Advisers know that retirement planning does no...

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

L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read
Fixed-term annuities demystified: How advisers help retirees make informed choices

Fixed-term annuities demystified: How advisers help retirees make informed choices

Why more retirees are considering fixed-term annuities

Steve Butler
clock 03 December 2024 • 3 min read
Retirees flock to annuities as sales rise almost 40% year-on-year

Retirees flock to annuities as sales rise almost 40% year-on-year

Annuity sales up 38.7% to 80,061 in 2023/24

Jenna Brown
clock 26 September 2024 • 2 min read