Seven out of ten defined contribution (DC) pot holders aged over 55 would prefer pensions to deliver a guaranteed income for life according to research published by the International Longevity Centre-UK (ILC-UK).
The survey of 5,000 people aged between 55 and 70 also found half wanted a guaranteed income which was protected against inflation. Furthermore three quarters of people (75%) across the entire s...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
