Financial advice will be increasingly important as more people turn to income drawdown to fund their retirement as annuity contracts become "unpalatable", a platform has said.
Alliance Trust Savings (ATS) said a perfect storm for annuities - brought on by falling gilt yields pushing rates to record lows - would result in more retirees using income drawdown. It said the retirement...
Self-administered pensions reported net investment £4.7bn in Q2
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Paul Bruns and Elaine Parkes