Pensions – Articles – More retirees are shunning decumulation advice

Analysis of sales data by Just Group shows both the overall number and proportion of advised decumulation sales have fallen in the last five years. Retirement specialist says figures a concern given complexity of decisions and low take-up of free, impartial and independent guidance Fewer retirees are taking regulated advice before switching their pension cash into income drawdown and guaranteed income for life solutions, latest product sales data from the Financial Conduct Authority1 shows. Analysis by retirement specialist Just Group found that of the 267,204 decumulation products sold in 2022 just over 41% were sold without advice compared […]

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