The sales of guaranteed income for life products are on the rise.
This is what the latest retirement income market data published by the Financial Conduct Authority reveals.
Between April 2020 and March 2021, the sales of such products grew from 60,383 to 68,514. This is a 13% increase.Just Group group communications director Stephen Lowe said: “The recent economic turbulence is a reminder of the value of guaranteed income for life.“Not only does guaranteed income for life provide security against market volatility and outliving pension savings, it gives pensioners peace of mind knowing they can count an income for the rest […]
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