William Burrows: The case for annuities is regaining its strength

Milliman report adds weight

clock • 3 min read

There are signs the case for annuities is growing stronger, writes William Burrows, as the volatility in the financial markets is taking the shine off drawdown and there is more research on their usefulness

At the end of last year, I wrote a piece wondering if 2018 was going to be the year of the annuity? For the Chinese, 2018 is the year of the dog but, here in the UK, annuities have been in the doghouse since the advent of the pension freedoms and they look like remaining in the kennel for some time to come. There are few people more enthusiastic about annuities than I am but, since pension freedom, it has been difficult to argue the case for annuities because not only are rates at historically low levels, the flexibility provided by drawdown has gained the upper hand There are, howeve...

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 Pensions

Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
Chancellor's move to pause Pensions Review 'deeply disappointing'

Chancellor's move to pause Pensions Review 'deeply disappointing'

Rachel Reeves has reportedly pressed indefinitely paused the review

Jenna Brown
clock 16 December 2024 • 3 min read
FCA targets pension transfers and SIPPs in major review

FCA targets pension transfers and SIPPs in major review

Regulator launches review of DC pension rules

Isabel Baxter
clock 13 December 2024 • 4 min read