This is an extract from an article published online at

Advisers seeking flexibility and guarantees for clients, while meeting their desired level of risk and capacity for loss, could find this in blended pension solutions, a thought leadership paper from life and pension provider Canada Life has claimed.

Read – Blended solutions can provide a smoothie retirement

Adviser view

Billy Burrows, director at London-based Retirement Intelligence, said: “One problem in the past, having an annuity or drawdown was presented as a black and white choice. Also, the difficulty for people with small pots has been that they could be served well by investing in both an annuity and drawdown, but had not been able to previously, so these new hybrid offerings make it easier for them.

“In a move towards more evidence-based advice, it is possible to show, for most people, a combination would produce a better outcome.”