ANNUITIES are becoming less acceptable to consumers while demand for income drawdown continues to grow, according to research from Skandia.
In 2001, 57pc of people said they thought having to buy an annuity with their pension fund was acceptable, however, this has fallen to 30pc, according to the survey of 1000 consumers from the pensi...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date