Advisers have bigger role to play in annuity journey of clients

Just 29% of annuity sales are advised, according to ABI data

clock • 4 min read

Ahmed Bawa looks at the resurgence of interest in annuities and says savers who opt to take an income for life should prioritise taking advice...

Annuities are once again in vogue among savers as they approach retirement after the products plummeted in popularity following the introduction of pension freedoms a decade ago. As savers were given a greater range of options over how to handle their pension pots, the appeal of tapping into an income for life died off, particularly given the relatively poor value they provided at that point. For years critics had pointed to declining interest rates on annuities, which translated into mediocre retirement incomes, but savers had little option but to take this on the chin once they finish...

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