Rate rises mean people can secure a higher retirement income
Single pensioners face ‘uphill hike’ compared to couples
When compared to annuity and drawdown options
Reducing sequencing risk is part of the attraction
Analysis of FCA product data showed drop in last five years
Savers' objectives change as they approach retirement
Against the current economic backdrop of high inflation and rising rates, cash has re-emerged as a strategic asset, yet financial advisers could be missing the opportunity to earn more for their clients.
Investors are now holding more cash than ever and with rising interest rates, this resurgence is not surprising.
Analysis finds gap could leave retirees potentially £500 a year worse off
Extended guaranteed income referral deals for five-year terms