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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry expects US tariffs to have adverse effect on scheme investments

Industry expects US tariffs to have adverse effect on scheme investments

PP survey finds 76% expect US government’s tariffs to have an adverse effect

Martin Richmond
clock 17 April 2025 • 2 min read
Industry not in favour of using pension savings for house deposits

Industry not in favour of using pension savings for house deposits

PP survey finds most do not agree with allowing early access to pension funds to help buy a house

Holly Roach
clock 17 April 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

LGPS pooling plans rejected, XPS Group pre-close trading update, Aon warning amid market turbulence

Professional Pensions
clock 17 April 2025 • 1 min read
Trustpilot