Having it all: Pensions freedom retirees want best of both worlds

Pensions freedom retirees want best of both worlds

clock

Post-pensions freedom retirees believe income flexibility is all-important. Duncan Jarrett says the onus is now on providers to come up with the goods...

Following the Budget reforms in April, flexibility is fast becoming the key differentiator when it comes to retirement planning. People aged over 55 are increasingly looking to retain the security of guaranteed retirement income, with the added option to access their nest eggs should the need arise. Some recent research we commissioned at Aegon UK shows that in this ‘at retirement' age group, as many as three in five would like to have a regular and guaranteed annual income in retirement, but a similar number also want flexibility. More than half at this stage in life have either e...

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

Join

 

Already a Professional Adviser member?

Login

More on Income

Gilt yield drama makes rising annuity rates 'hard to ignore'

Gilt yield drama makes rising annuity rates 'hard to ignore'

Dramatic spike in government borrowing costs

Jenna Brown
clock 13 January 2025 • 4 min read
Annuity misconceptions may lead to more stressful retirement

Annuity misconceptions may lead to more stressful retirement

'Annuity sales could, and perhaps should, be higher'

Ahmed Bawa
clock 18 December 2024 • 4 min read
L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read