On volatility

The extreme volatility we have seen in markets in recent months has brought into stark relief the is...

The extreme volatility we have seen in markets in recent months has brought into stark relief the issue of timing for those approaching retirement. The rapid changes in the value of pension funds highlights the benefits of having pension arrangements that offer flexibility in terms of the timing of retirement, the way in which income can be taken and the range of available investments, including access to less volatile asset classes. Although annuity rates have improved recently, the value of the funds available to buy the annuity has, in many cases, fallen to a greater extent. This mea...