Combining guaranteed income with flexible drawdown income in a saver’s retirement plan may be the best option.
Some things are great on their own, but many are better when combined.
Recent FCA Retirement Income market data covering the year from April 2021 to March 2022, showed an uptick in lifetime guaranteed income (annuity) purchases by 13% to around 68,500 purchases.We expect this to rise as interest rates increase and costs look more favourable. However, we also expect more and more people to consider at least some purchase of guaranteed income in their overall retirement plan. Why do we think this? […]
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