Pension freedom may have given people more control over their retirement income but, warns Chris Knight, a lack of awareness about the various income options available means thousands of people are defaulting to drawdown
Some might conclude it is not looking too good for the annuities market at the moment. The recent Financial Conduct Authority (FCA) bulletin, for example, reports the number of annuity sales has fallen...
Taking the time to look
After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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