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...

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

Buzz: Would you support merging LGPS into a single sovereign wealth fund

Buzz: Would you support merging LGPS into a single sovereign wealth fund

Sovereign wealth fund, geopolitical tensions and DB sales

Professional Pensions
clock 02 March 2026 • 1 min read
News Digest: Providers urge Reeves to call off tax raid; BlackRock and GS join race to fund Phoenix's PRT business

News Digest: Providers urge Reeves to call off tax raid; BlackRock and GS join race to fund Phoenix's PRT business

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

Professional Pensions
clock 02 March 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Reform sovereign wealth fund, TPR warning over Tuffnells scheme and PPF sets zero levy for 2026/27

Professional Pensions
clock 27 February 2026 • 1 min read
Trustpilot