19 / 44
will work part-
time for a different
employer
of people plan
to stop work and
retire immediately
would like to
do charitable
and other work
plan to reduce
hours with current
employer
are aware that they
can take 25% of the
fund value tax-free
say an adviser
would be their
first port of call
aim to have enough
to live on without
cutting back
consider taking advice
is important before
accessing pensions
say financial
security is the key
goal in retirement
THE INVESTOR
|
19
PENSION FREEDOMS UPDATE
vs
PENSIONS
IN YOUR INTEREST
£4.2 £3.3
63,600
£66k £53k
29%
29%
15%
47%
57%
52%
48%
94%
59%
Drawdown sales
Number of
drawdown sales
Average per
drawdown
61,700
Annuity sales
Number of
annuity sales
Average per
annuity sale
BILLION
BILLION
ATTITUDES
TO RETIREMENT
How people view retirement a year on
from pension freedoms being introduced
Comparing drawdown sales to
annuities in the nine months
to the end of 2015
3. Based on online survey conducted by The Wisdom Council on behalf
of St. James’s Place, May 2016. 380 people surveyed, all 380 responded
2. www.abi.org.uk, March 2016
DRAWDOWN VS ANNUITIES