Stephen Lowe

Comes as pensions and relief changes loom

Annuity rates see 70% increase compared to four years ago

Dramatic spike in government borrowing costs

Advice use among drawdown clients falls below 50% for the first time

Triple lock sustainability remains a key issue for government

‘Neither of the two main political parties have mentioned it’

‘Customers should be careful that this is the right decision for them’

‘Advisers know that retirement planning does not stop at retirement’

Analysis of FCA product data showed drop in last five years

Figures are a 13% increase from the £1.1bn collected this time last year