DC pension members 'unwilling to pay' for drawdown advice

The firm found that just one in 12 of the 1,000 DC members it surveyed would pay for regular advice if they chose not to buy an annuity. A further quarter told researchers they would be willing to pay for occasional advice, but almost half said they would rely on free government-backed guidance. The study found that a quarter of savers still intended to buy an annuity and a third would opt for a mixture of annuitisation and drawdown. One in eight said they would take their entire pot immediately as cash. Hymans Robertson partner Chris Noon (pictured) said: "The apparent confidence ...