Risk managed funds to lead retirement income
Published on 7 January, the report showed that 34% of 200 financial advisers polled in October 2014 predicted that risk-managed funds will usurp the traditional annuity as the market forerunner by 2025
Published on 7 January, the report showed that 34% of 200 financial advisers polled in October 2014 predicted that risk-managed funds will usurp the traditional annuity as the market forerunner by 2025
An FCA study has found that the annuity market is not working well for consumers who continue to miss out on a higher income by not shopping around.
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.
Two things are on my mind. First, just how much I like the new One Direction single. Great work guys. Second, fairness for those approaching retirement.
Legal & General achieved a record £3.9bn worth of annuity sales in the nine months to the end of September, bucking the overall downtrend in the market after the spring UK Budget pension reforms were announced.
Advisory firms are almost evenly split on whether or not new rules regarding pensions have created a need for new products, a FundsNetwork survey has revealed.
Annuity sales have fallen by more than a third over the first and second quarter of 2014, confirming a lessening use of the product following the pension reforms announced in this years Budget.
International fund management groups are expected to launch a wave of retirement style products in coming years as an alternative to life company annuities, which took a big knock after the UK spring Budgets radical overhaul of pension rules.
A flexible annuity wrapper has been created that its creators claim is superior to an offhsore bond