Eight out of 10 people want a retirement product that offers a guaranteed income for life, yet only a minority of customers are purchasing an annuity, according to new report from Scottish Widows.
Its research found a disconnect between what people say they want from their retirement income, and what products they are actually choosing, strengthening calls for more innovation in the sector. Scottish Widows called for greater retirement product innovations as a result. This call comes amid political discussions as to whether CDC retirement-only options should be rolled out across the pensions market.
The survey also found that 55 per […]
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