Market insight
From far-reaching reforms to customer vulnerability, we’ve brought together research papers from Just and external experts to help support your understanding of the retirement income market, and the challenges those operating in it face.
Research shows why retirement income suitability assessments are leading to sub-optimal outcomes
Catch ground-breaking insight from Oxford Risk’s white paper, ‘Guaranteed income and investment risk: How much of each?’. Dr Greg Davies, Oxford Risk’s Head of Behavioural Finance, and Just Group's Head of Secure Lifetime Income, Stuart Slegg, delve into topics like the complex risks clients face in decumulation and why traditional retirement income suitability assessments fail to fully take account of these risks. Watch the video.
But what if I get hit by the proverbial bus? How retirees can guarantee full payback from their annuity
Ensure your annuity pays out more than it cost to buy for the cost of a weekly coffee. Value protection option guarantees 100% of cash spent on annuity is paid back. Find out more.
Eight out of 10 pensioner homeowners entitled to benefits are failing to claim, missing out on an average £1,231 a year per household
Just Group urges cash-strapped retirees to double-check their eligibility for State benefits. Retirement specialist’s annual insight report finds 79% eligible for benefits are failing to claim. A further 9% who are claiming are not receiving their full entitlement, missing £476 a year on average. Find out more.
Dependence on capital growth mindset when advising income-seeking retirees risks triggering suitability alarm bells
NextWealth report reveals slow adoption of retirement-specific adviser tools and processes. Read this report to find out more.
Majority of Gen X worried they won’t save enough for good standard of living in retirement
Generation Anxiety project from Just Group spotlights unique pressures squeezing Gen X; 52% of Gen X are not confident about achieving a good standard of living in retirement; Six-in-10 providing financial support to adult children and 11% are supporting elderly relatives. Find out more.
Four in five over-45s believe they can be forced to sell their home to pay for later life care
Retirement specialsit Just Group research finds people aren't convinced by government statements that no-one can be forced to sell a home to pay care fees. Read this report to Find out more. Find out more.
Half of retirees caught in “retirement blind spot”
Almost half of retirees did not check, or seek help, to see if they could afford to retire; a third of ‘DIY’ retirees reviewed their own finances; Only around one-in-10 sought the help of an IFA and 6% used Pension Wise; Failing to plan ahead makes retirees more vulnerable to poor outcomes in later life. Read this report to find out more.
Care report 2023 - No Policy. No planning.
This is the 11th edition of our in-depth research series that sheds light on how the over-45s think and feel about adult social care. Read this report to find out more.
3.4 million over 75s yet to arrange a Power of Attorney, Just Group finds
59% of over 75s yet to arrange a Power of Attorney – equivalent to 3.4 million people. Over a third of over 75s said they didn’t think it was appropriate at their age. Many say they are deterred by fear of relinquishing control of their finances. Read this report to find out more.
More than a quarter of retirees ‘forced out’ of work making early retirement more drama than dream for many
Nearly half of retirees aged 55+ say they retired earlier than expected. Ill-health, redundancy or caring obligations ‘force’ majority of these pensioners out of work. Highlights importance of financial planning before retirement to protect against unexpected events. Read this report to find out more.
State Pension Shortfall Day arrives as the average single pensioner exhausts State Pension on Thursday
The average single pensioner spends the equivalent of a full annual State Pension on Thursday with nearly three months of the year left to go. State Pension Shortfall Day arrives on 29 October for two-person retired households highlighting the extra financial burden shouldered by single pensioners in retirement. State Pension set for second successive substantial increase in boost to pensioners’ income. Read this report to find out more.