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Annuity rates are at their lowest level for almost two years, but the proportion of enhanced contracts sold is increasing, according to the latest IRESS At Retirement report.
Three things clients may call you about this week
Fiona Murphy says although annuity sales have slumped, new research shows they can still represent fair value for money.
Partnership has launched an enhanced annuity which guarantees income for life but also gives retirees the chance to change their mind after 12 months.
Annuity provider Just Retirement has launched a one-year version of its fixed-term annuity in response to the far-reaching changes affecting drawdown announced at last month's Budget.
Steve Lewis looks at the key issues advisers need to consider when advising clients on retirement income.