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...

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

News Digest: Taxpayers to foot record £59bn gold-plated pensions bill

News Digest: Taxpayers to foot record £59bn gold-plated pensions bill

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

Professional Pensions
clock 23 October 2025 • 1 min read
CDC is 'divisive solution' but 'could prove to be good enough'

CDC is 'divisive solution' but 'could prove to be good enough'

Pensions industry reacts to the government green-lighting CDC scheme expansion

Holly Roach
clock 22 October 2025 • 7 min read
TPR must 'explicitly reference' role of admin quality when assessing risk

TPR must 'explicitly reference' role of admin quality when assessing risk

PASA responds to regulator’s consultation on its new enforcement strategy

Holly Roach
clock 22 October 2025 • 1 min read
Trustpilot