Risk averse pre-retirees rule out annuities

Just one in ten UK adults aged over 50 are willing to risk their money

Sahar Nazir
clock • 1 min read
Risk averse pre-retirees rule out annuities

An estimated 19 million UK adults over the age of 50 may be overlooking annuities, according to research released today (28 June) by the Financial Services Compensation Scheme (FSCS).

More than one-third (37%) of respondents are unwilling to take risks with their money saying they are worried about not having enough money to last the duration of their retirement, while more than...

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