The introduction of pension freedoms in 2015, coupled with a sustained period of low interest rates, has seen annuities fall out of favour over the past decade.
Many advisers have eschewed annuities completely, citing them as a low value option in comparison to drawdowns. However, with markets experiencing significant volatility and annuity rates reaching their highest level in 14 years, this advice may now be misplaced. With regulators starting to focus more closely on retirement income strategies and the FCA’s Consumer Duty rules soon coming into effect, could we soon see a return to favour for annuities?
Whilst not providing the flexibility of drawdown, annuities have the benefit of being a low maintenance source of income for retirees. Given current market volatility, coupled with shifting retirement patterns as well as a rising pension age and the case for a return to favour for annuities has become too significant to ignore.
Join FTAdviser and Legal & General for this one hour webinar as our panel of expert commentators from across the financial advisory sector debate the merits of various retirement income strategies in the current market environment and provide practical examples of appropriate use cases for each.
SPEAKERS
Steve Webb, partner at LCP and former pensions minister
Cecilia Furner, distribution director for retail annuities at Legal & General
Keith Richards, chairman of the Financial Vulnerability Taskforce
Amy Austin, news editor of FTAdviser
WHEN AND WHERE
Thursday, January 19, 2023 at 2pm - online
To find out more and to register, click HERE.
