"YouGov data, gathered as part of the awareness day, found that over a third (35%) of those aged 50 and over desire a 'steady and stable' income in retirement, but there's a clear divide in financial assurance with 38% of adults admitting they aren't confident about their financial security. This disconnect underscores the importance of providing clear and accessible information to help people make informed decisions about their financial future."
"Better retirement outcomes begin with better understanding. When people are informed, they're empowered to make choices that reflect their needs and values. We are passionate about helping people navigate their options with clarity, so they can build a retirement that feels secure and sustainable. These videos can improve customer understanding of annuities and help them to decide if they form part of a retirement solution for them."
L&G launched a six-part YouTube series titled 'Annuities Explained' to help UK adults understand retirement income options. The launch followed the UK's first National Annuities Day, with YouGov finding over a third (35%) of people aged 50+ desire a steady, stable retirement income while 38% of adults lack confidence in their financial security. The series uses a conversational format following pre-retiree Barry and annuities expert John Graves to simplify complex topics into digestible episodes. Six videos cover what an annuity is, annuity types, annuity versus drawdown, UK annuity rates, annuity calculations, and how to buy an annuity. The videos aim to improve understanding, empower planning, and help people assess whether annuities suit their retirement goals.
Read at London Business News | Londonlovesbusiness.com
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