In our first report, we focussed primarily on the dramatic impact of changes announced in the 2014 Budget, with an initial impact on annuity sales seeing a drop in demand in June.
In the last edition, we reported some signs of this market stabilising with annuity sales in September up by 14% since the June.
In this latest edition, we see signs of the market ‘holding its breath’, with consumers and providers alike waiting for the changes to come into effect in April. We examine how annuity demand and rates have changed in the final quarter of the last year and also review 2014 as a whole.
With annuity rates far from their historic peak, we look to assess the extent to which equity release has filled the income gap for retirees in 2014, and its prospects for growth in 2015. We also examine the role drawdown is playing - and will play in the future, alongside flexible lump sum as we look forward to the “new world” at retirement.
One thing remains certain, with annuity rates under pressure, ever more options, and the greater ability to access pension savings, it is imperative that consumers understand the full range of options, and how these apply to their own individual circumstances, before acting. Advisers clearly have a key role to play in helping consumers evaluate their assets, whether property, savings or pension pots, as a whole as they approach retirement.
We hope you enjoy reading our report.
Watch on demand: A panel of experts discuss how wealth managers can deliver a personalised service to multiple audiences and markets.
What does the front office of the future look like? Senior Wealth Managers share their insight in our latest research report.
Developed with the Association of Mortgage Intermediaries (AMI) and the Intermediary Mortgage Lenders Association (IMLA), this report provides insight to lender best practice and the experiences of intermediaries in the UK mortgage market.
How do you solve the challenges of an ageing legacy system? We interviewed COO's to find out their views.
Our report looks at how the dust has settled following the introduction of pension freedom and all the choices we now have to try and achieve a sustainable income.
1,000 end investors were surveyed to gauge their views on the impact of Brexit. This report produced in association with Compeer our research partner gives you the key findings.
We tracked developments in the market over 12 months and compiled data from leading lenders to produce one of the biggest surveys into UK lending.
A recent report found that as many as 9 in 10 advisers feel threatened by robo-advice. We grabbed our film crew and interviewed advisers for their thoughts.
What does the future of financial advice look like? We asked real advisers for their views and how they think robo-advice will impact their business.
Insight into lender best practice and the experiences of intermediaries as they engage with lenders in the UK mortgage market.
We've analysed data from across IRESS digital products to share some key insights into daily investor activity and device useage.
We've tracked developments in the market over 12 months enabling lenders to benchmark their mortgage sales and originations systems and processes against the mortgage market as a whole.