Clients in their 50s dealing with a retirement income shortfall are "crying out" for alternative investment solutions to close the gap, according to Axa Life Invest.
Managing director Simon Smallcombe said he believes the market for unit-linked guarantees will grow substantially in the coming years as advisers and their clients look at alternatives to traditional retirement solutions. He said many people in their 50s are aware they have a pension shortfall but are frightened to invest more aggressively because of market volatility. He added alternatives, such as unit-linked guarantees, provide clients with "participation and protection from an income standpoint" and are becoming more popular with advisers. Axa Life Invest's unit-linked guarantee r...
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