New research by Metlife has revealed that around 38pc of IFAs plan to advise clients to use guarantees in their pension planning this year, driven by an increasing interest in alternatives to conventional annuities.
The findings also showed that approximately 48pc of advisers expect to sell more guaranteed pension products over the next five years, whilst 50pc of advisers believe too many pension investors are using traditional conventional annuities rather than drawdown products, variable annuities or unit-linked guarantees. MetLife is urging advisers to consider all retirement options prior to making recommendations and, in particular, retirement income solutions which can protect clients' pension investments while still enabling them to take advantage of long-term growth from equity investments. ...
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