‘Have difficulty buying a home and will have a lower overall asset base’
‘You can have a higher sustainable income overtime’
‘Beyond that clients should take the biggest risks they are willing to’
‘Simplified advice or targeted support could play a role’
Defined benefit transfers and annuity sales have fallen, FCA finds
Majority of advisers that see this have client portfolios less than £100,000
Only one in ten UK adults have sought professional advice
‘SLI can mean sustaining income for the rest of a client’s life’
Made to meet the ‘increasing desire’ for guaranteed income in retirement
£27,000 extra needed to achieve PLSA ‘moderate’ level of income