What influences the balance of your pension?

The balance of pension-income advice is essentially influenced by circumstances - external, and those personal to the individual. External circumstances have changed in recent months, and change is ongoing

Post A-Day, the market for pension-income advice, has become significantly more complicated. Previously, we had drawdown available until the age of 75 alongside annuities, and annuities only after that age. Now we have added to the mix temporary annuities and investment products with guarantees (both of which operate on unsecured pension rules) and no compulsion to annuitise at 75, but post-75 - rules that, in themselves, are an adviser conundrum. The recent substantial increase in long-term gilt and bond yields, and the announcement by the mortality actuaries of significant improvements i...