4 Jan 2018
Lack of understanding and misconceptions about how annuities work, are still prevalent.
Our recent research of more than 2,000 over-55sfound that three quarters of them are unaware that medical conditions or lifestyle factors such as smoking could actually increase the money they receive from an annuity.
Over 80% spend an hour or less a week actively managing their retirement finances. Infact, a greater proportion of consumers spend more time choosing a new car, than they do planning how they want to take their pension income, so it’s little wonder that only 53% of our respondents could accurately describe what an annuity is. Find out moreabout how retirees approach retirement.
Q0058124 11/18 SUB193464
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