The UK state pension has long been the subject of some derision in the media. But is it really as bad as it’s made out to be relative to developed world peers?
It’s a standard financial rule of thumb that younger investors should invest in equities and then de-risk later in life. But are arguments for taking more risk as clear-cut as they seem?
Although sudden jumps in popularity are unlikely, we anticipate the tide turning and the sales of annuities steadily increasing in the next 5-10 years. However, we still expect income drawdown to become the main choice at retirement.
Some in the financial industry worry that as a result of the government's introduction of 'pension freedoms’, individuals will spend their retirement savings irresponsibly. There is little evidence to justify this concern.
We all know that retirement is changing, but how?