Pensions Freedoms 10 Years on: The Evolution of the Retirement Income Market and How Drip-Feed Drawdown Can Help

Pensions Freedoms 10 years on: The Evolution of the Retirement Income market and how Drip-feed Drawdown can help

Introduction It’s been just over a decade since pension freedoms and the retirement income market in the UK continues to grow and evolve. What has stayed constant is the important role of advice in helping clients achieve a sustainable income in retirement. This article explores some of the key trends seen, what this means for the advice market and how Drip-feed Drawdown can help you to support clients. Retirement income key trends Drawdown is s…

The average salary increases by 4.4%, to €1,505.5 per month The Government will publish a report on the consultation it conducted regarding BBVA's takeover bid for Sabadell

The number of pensions paid by Social Security in the Basque Country in May rose to 583,596, which is 1.21% more than in the same month in 2024. The average amount is €1,615.13, 4.12% more than last year and the highest amount in the country as a whole, according to data released Tuesday by the Ministry of Inclusion, Social Security and Migration.

The expenditure on pensions again recorded another historic peak in May, with 6.3% skyrocketing compared to the same month of the previous year, to a record figure of 13,532.3 million euros. Thus, the payment of the regular monthly payroll of contributory pensions continues to increase after breaking several peaks in recent months, as reported on Tuesday by the Ministry of Inclusion, Social Security and Migration.There are several reasons that e…

The total pension expenditure on the May payroll amounts to €13.532 billion, 6.28 % more than in May 2024, to pay a total of €10,321,860, according to data published on Tuesday by the Social Security and collects EFE. The average pension amount of the system was this month €1,311 while the average retirement pension reached €1,505.Of the total payroll, almost three quarters go to retirement pensions with a disbursement of €9,893.6 million, follo…

The system already has to disburse more than 13,500 million to pay the payroll of the elderly and the new retirees earn already 1,675 euros per month