Since April 2015, retirees have had significant flexibility on how they can access their defined contribution pension savings, and are no longer required to buy an annuity.
However, for many, the guaranteed income of an annuity can still play an important part in their overall retirement plan. Our Retirement Income Solver is designed to determine whether or not an investor has a significant preference for certainty in when drawing a pension.
The ATRQ Retirement Income Solver consists of seven questions to be put to investors when they are choosing their retirement options. It focuses on identifying investors with a strong preference for certainty of income, for whom an annuity could be the most appropriate strategy.