Helen Morrissey looks at the new initiatives open to advisers to provide greater choice to retirees
The at-retirement market has undergone significant evolution in terms of product innovation and regulatory change. Over the past five years we have seen the advent of variable and fixed term annuities and the continued development of the postcode and investment linked annuity space. Most recently the new government launched a consultation process around abolishing the compulsion to purchase an annuity meaning that today’s retirees have more choice than ever before. However, despite this, there continues to be a lack of awareness about the choices on offer with many clients defaulti...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes