Dave Harris explains why the wake-up letter alone is not enough
One big issue for retirees who have built up money purchase pension pots is how best to exchange it for an income. Positive thinkers will probably look closely at all the options available to see which best fit their needs, not just for the next few years but for the whole of a retirement that could last two, three or perhaps four decades. Income boosting option In reality the majority of retirees fail to latch on to the affirmative by considering all the options. The market today offers conventional lifetime annuities, enhanced and impaired annuities, and fixed-term annuities. For thos...
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