Drawdown or annuity? Crunching the numbers

This is the first of a two part article that I wrote for the website Unbiased It’s the retirement dilemma of our age: do you play it safe with a steady income for life, or take a higher risk in the hope of receiving more? Retirement options expert Billy Burrows cuts through the speculation by offering up some hard figures, to help you make up your own mind.…

Looking ahead to the secondary annuity market

The plans to allow those who purchased annuities in the past to exchange their annuity income for a cash sum may be good in theory but will probably be bad in practice. There are three key issues to consider: - How much will people get for their annuities? -In what circumstances will it be good advice to sell an annuity? -How will advisers make sure that they get the best deal for their client?…

Mind the (advice) gap

There is a vacuum or ‘no man’s land’ which exists between those who are able to make good decisions on their own and those who take financial advice. People who find themselves in this vacuum don’t know where to go for help, guidance or advice and consequently will not properly engage with the important issues and therefore may make the wrong decisions.…

Drawdown for the mass market

Drawdown for the mass marketEver since the pension freedoms were first announced I have been asking the question ‘what does drawdown for the mass market look like’?…

Blended solutions can provide a smoothie retirement

Blended solutions can provide a smoothie retirement: Canada LifeThis is an extract from an article published online at ftadviser.comAdvisers seeking flexibility and guarantees for clients, while…

Pension firms to come clean on "rip-off" fees

From Express newspapers - investigation has been launched into “rip-off” pension fees that strip thousands of pounds off those who cash in their savings.…

Is this the end of non-advised annuity brokers?

Non-advised annuity sales are coming under the spotlight as the FCA proposes changes to pension rules to enhance consumer protection that may result in a capping of commissions. This begs the question; “is this the end of non-advised annuity brokers”?…