Tag: guaranteed income

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 […]

Full Post at corporate-adviser.com

Image: Scottish Widows’ report on decumulation has looked into advice preferences among members Scottish Widows has launched a ‘retirement matrix’ mapping tool as part of research into decumulation.

The pension provider launched the cubic mapping tool to assist advisers and retirees better plan their income as part of its ‘Decumulation: Understanding the Needs of the Nation’ report.

The research on 1,500 retirees and near-retirees found several "gaps in the market" between members’ retirement expectations and the decumulation products they choose. Retirement preferences It found while the majority (80%) said they wanted a "guaranteed income for life", only a minority are […]

Full Post at www.professionalpensions.com

Scottish Widows has today launched a ‘Retirement Matrix’ tool to help advisers have better conversations with customers and help them boost their retirement income.

The mapping tool allows current and potential retirement products to be mapped against what people want from their retirement income on a 3D cube, to see whether retirees’ needs are being met by the products which are currently available.

The Retirement Matrix was included in a report from Scottish Widows called ‘Decumulation: Understanding the Needs of the Nation’, which shared the views of around 1,500 retirees and near-retirees towards accessing their pension savings.The report revealed a disconnect […]

Full Post at theintermediary.co.uk

Workers distribute provisions at North Marin Community Services’ weekly food pantry in Novato on Tuesday, Nov. 9, 2021. (Alan Dep/Marin Independent Journal) The Marin Community Foundation has concluded a three-year, $3.5 million experiment with guaranteed minimum income.

“Guaranteed income has proven its efficacy,” Johnathan Logan, a former executive at the foundation, wrote in a forward to a program evaluation the organization commissioned. “Families thrived when provided the security of guaranteed income.”

The program, dubbed “MOMentum,” was initially designed to provide $1,000 a month for 125 mothers for two years. The program was restricted to women of color.By the second year of […]

Full Post at www.marinij.com

Post Office’s superhit scheme: Invest 5 lakhs and earn 2 lakh rupees just from interest! check scheme details Investors investing in Post Office Time Deposit Scheme are given the benefit of tax exemption under Section 80C of the Income Tax Act 1961 along with excellent interest.

Post Office Saving Schemes are becoming quite popular in terms of great returns and safe investment. Many saving schemes are being run here for children to the elderly. One of these special schemes helps investors earn lakhs only through interest. Yes, we are talking about the Post Office Time Deposit Scheme, in this […]

Full Post at www.informalnewz.com