Rebooting retirement income: Powering up income in fundamentally changed markets

Everywhere one looks, all the indices point to the Covid-19 pandemic and Ukraine conflict having global economic consequences for years to come. • Financial markets are fundamentally changed… bond and equity market assumptions for the next 10-15 years are drastically lower than average returns for the last twenty years. • Consumer confidence is lower than even the shock of the 2008 global financial crisis. Clients taking income from a drawdown portfolio are facing a toxic mix of portfolio losses, the need to maintain or increase income to meet rising living costs, and the worry of sustaining income for the rest of their lives. The numbers don’t lie... for many, continuing to invest in the usual range of assets will mean they’re facing a significantly increased risk of their retirement income plans failing. A ready alternative is close to hand Did you know pension annuity rates, providing guaranteed income for life, are up more than 20% since the start of 2022? For a client at age 65, you could purchase an income of 5.5% to 9.5% per annum, guaranteed for the rest of their lives. Find out more - join our rebooting retirement income webinar If you are advising clients on retirement income or are a paraplanner assessing the options, this webinar is for you. Join Martin Lines and Karl Steadman discussing: • The key economic and regulatory factors in the retirement income market. • Why full or partial annuitisation, blended or phased, strategic use of guaranteed income could well be the answer for your clients. • The importance of lifestyle and medical information in personalising advice and the difference extra details can make to rates. Register for our webinar on Tuesday 19 July at 10:00 and gain 60 minutes of CPD.