Retirement income market interactive analysis 2023/24

dunstonh

The FCA have published the data for 2023/24 which may interest some people on trends etc.

https://www.fca.org.uk/data/retirement-income-market-data-2023-24/interactive-analysis

Albermarle

dunstonh said:

The FCA have published the data for 2023/24 which may interest some people on trends etc.

https://www.fca.org.uk/data/retirement-income-market-data-2023-24/interactive-analysis

Thanks, good for the pension geeks.

Interesting to see the smaller proportion of annuities that are advised, considering the usual comments on here about this being the best route.
On the other hand drawdown looks like good business for advisors. 

michaels

A large proportion drawing down over 4% but perhaps this is mostly gap bridging to state pension / DBs...hopefully?

NoMore

michaels said:

A large proportion drawing down over 4% but perhaps this is mostly gap bridging to state pension / DBs...hopefully?

Its drawdown per pension, its hard to equate it to portfolio size. Many people could have more than one pension or assets outside pensions, such that drawing a high percentage from a single pension is still less than 4 % of the entire portfolio.