Cost is key factor in decline in retirement income advice

Helen Morrissey
clock • 5 min read

Cost and a lack of information are behind many retirees' decisions to shun advice when making retirement income choices.

Cost was the overwhelming factor behind the decline in people taking regulated advice for drawdown and annuity purchase according to 59% of respondents. The decline was highlighted in the most r...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: KKR plots entry into UK and European pension buyouts

News Digest: KKR plots entry into UK and European pension buyouts

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 01 July 2026 • 1 min read
TPR publishes 2025/26 annual report and accounts

TPR publishes 2025/26 annual report and accounts

Regulator said it has ‘refreshed’ its approach to be ‘more focused, effective and efficient’

Holly Roach
clock 30 June 2026 • 2 min read
Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Strong chance 'nightmare' IHT pension reforms will 'simply not work'

Baroness Ros Altmann says the policy is ‘fraught with dangers’

Holly Roach
clock 30 June 2026 • 1 min read
Trustpilot