Advisers expect to sell more income drawdown products than traditional annuities in the next year, according to research from Lincoln Retirement Income.
The growing aversion to annuities as a source of retirement income may put people at risk of running out of pension savings, warns a panel of pension experts.
Hargreaves Lansdown has released its first annual results to the London Stock Exchange since the company floated in May this year, with an increase in operating profits of over two thirds.
The decision to buy an annuity is an important one. Kim Lerche-Thomsen points to the need for more education to be made available so retirees can make the most informed choice
Online quote and apply portal, Webline, has reached its 100 millionth quote since launching in 2000 it was announced today.
Financial advisers are underestimating the number of clients that qualify for enhanced annuities, according to retirement specialist, Tomorrow.
Value protected annuities can be used by a wider ranger of people than first thought says David Murton
Over 50% of advisers think that conventional annuities do not provide sufficient value for a client's retirement, according to Prudential.
Three in four advisers believe their clients would consider US-style annuities ahead of traditional annuities, but many fear they do not know enough about the products available.
Demand for flexible retirement products like SIPPs now overshadows that for conventional annuities, research suggests.