Increase in retirees dodging decumulation advice

Number of transactions completed without advice increased by 24% since 2018

Martin Richmond
clock • 2 min read
Increase in retirees dodging decumulation advice

Retirees have increasingly turned away from receiving decumulation advice before cashing their retirement pot into income drawdown and annuities, research by Just Group has shown.

The firm's analysis of product sales figures published by the Financial Conduct Authority revealed both the number and percentage of advised decumulation sales have declined over the last five year...

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