Scottish Life launches annuity 'now or later' campaign

The provider has launched an email campaign and support materials for advisers to highlight income drawdown as a viable option for younger retirees. Scottish Life business development Fiona Tait [pictured] says: "Although there are risks involved, and it isn't suitable for everyone, income drawdown can be useful as a flexible alternative for many people, bridging the gap until they are ready to purchase an annuity." Automatically taking an annuity on reaching 60 or 65 is not the right option for every client, due to increased longevity, poor annuity rates and inflation risk, according...