MGM

Retirement Planner speaks to Andrew Tully about how recent reform is changing how people view their pensions

The new drawdown regime means clients can stay in drawdown indefinitely. However, Helen Morrissey says that clients could actually lose out on income by not annuitising at the right time

Chief executives of the UK's largest companies will receive official notification of their auto-enrolment responsibilities from The Pensions Regulator this week.

Andrew Tully has been appointed retirement income technical manager at MGM Advantage.

Aston Goodey, director of sales and marketing at MGM Advantage, highlights the importance of using the Open Market Option to secure the best retirement solution.

Aston Goodey discusses the potential impact of third way products

Conventional annuity rates have fallen 6.98% while enhanced rates have dropped by 5.32% since June 2009, according to figures from MGM Advantage.

The latest debate on annuities

Advisers are set to turn their backs on conventional annuities and recommend asset-backed alternatives as annuity rate crashes continue to plague retirees.

In a lively debate the panel discuss the progress being made towards offering retirees the open market option when buying an annuity, as well as the different types of products now available.