How cost of living crisis is fuelling hasty pension decisions

I am far from suggesting that annuity purchase should be all about rates, but for those whom an annuity would actually suit their circumstances the prospect of improving rates when prices rise could be attractive.

There are many clients who have been in drawdown for some time now and who would like to reduce their exposure to investment risk in exchange for some security against longevity risk

These clients may well benefit from another look at full or partial annuitisation in the next few months. 

Fiona Tait is technical director at Intelligent Pensions