On the Money: Race is on for pension advice
In this article, Ruth looks at the issues facing the government and pensions industry to deliver free pensions advice to UK retirees.
The article highlights that many large employers already provide their staff with a free annuity quote service. Ruth says “This might have seemed a nice perk once upon a time but now, if this service is not offered in tandem with financial advice, people may blindly buy an annuity — an irreversible decision.”
Our very own David Trenner commented “Those at retirement should be aware of all the choices they have and the use of annuity check services in isolation could be to their detriment.”
The article concludes that with such a wide range of options and uncertainty about life expectancy, expert advice would be worthwhile for most people.
To read the article, please click here (requires a subscription).