In our first report, we focussed primarily on the dramatic impact the changes announced in the Budget had on those decisions of those approaching or ‘at retirement’, with an initial impact on annuity sales seeing a drop in demand in June.
In this latest edition, we are pleased to report some signs of this market stabilising with annuity sales in September up by 14% since the June trough.
We have also taken a look at the wider options now available with a special focus on equity release. We examine whether equity release can help cover prospective shortfalls for pensioners and whether this is likely to grow in popularity after April 2015.
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.
What South Africa can learn from the US’s experiences in regulating trades across competing stock exchanges.
Robo-advice: how has it progressed to date and how can advisors best take advantage of this?
We've analysed data from across IRESS digital products to share some key insights into daily investor activity and device useage.
Henry Woodcock discusses the findings from the fourth IRESS Mortgage Efficiency Survey, looking ahead to what this means for 2016 and beyond.
The report marks changes in the 'at retirement' space, with a particular focus on the evolution of the annuity market, and how this is impacting decision-making and retirees' returns.
We have now published the fourth edition of our At Retirement Report, marking changes in the 'at retirement' space, and how this is impacting decision-making and retirees' returns.
Digitalisation has meant the needs and demands of consumers have undergone a seismic shift in the last decade.In this report, we examine how consumers interact with financial services and, more importantly, how they want to interact in the future.
Developed with and supported by the Association of Mortgage Intermediaries (AMI) and the Intermediary Mortgage Lenders Association (IMLA), this new report provides insight to lender best practice while reflecting the experiences of intermediaries as they engage with lenders in the UK mortgage market.
This report is the third edition of our At Retirement Report, a quarterly index designed to track the preparation of those approaching retirement, changes in the ‘at retirement’ space, and how this is impacting decision-making and retirees’ returns.
This industry survey, now in its third year, enables lenders to benchmark their mortgage sales and originations systems and processes against the mortgage market as a whole.
We are pleased to launch our inaugural At Retirement Report, a new quarterly index designed to track the preparation of those approaching retirement, changes in the ‘at retirement’ space, and how this is impacting decision-making and retirees’ returns.