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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Capita issues CSPS apology, Isio launches DB scheme buyout service, Nest partners with Rothesay

Professional Pensions
clock 30 January 2026 • 1 min read
News Digest: Taxpayers on hook for £39bn public sector pensions bill

News Digest: Taxpayers on hook for £39bn public sector pensions bill

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

Professional Pensions
clock 30 January 2026 • 1 min read
ABI creates additional pensions board to strengthen work on DB and BPA sector

ABI creates additional pensions board to strengthen work on DB and BPA sector

New board will look at DB policy, bulk purchase annuities and investment

Jonathan Stapleton
clock 29 January 2026 • 3 min read
Trustpilot