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.

Social Care – A decade in review

The Care Report 2022 is the tenth edition of a research series dating back to 2012 that sheds light on how the over-45s think and feel about later life social care.

People are interested in the debate about social care, but don’t know how the system works and are confused by government announcements on the subject. This report investigates the impacts on planning for care. Read this report to find out more.

Complexity of care reforms underline importance of financial advice 

New details about the government’s proposed reforms to funding adult social care are set to be positive for financial advisers able to help people plan for and navigate the complex care system. Read this report to find out more.

Over-45s more likely to maintain a ‘stiff upper lip’ than admit to financial vulnerability

Seven in 10 have found themselves in potentially financially vulnerable circumstances but only a minority told key organisations such as their employer, bank or utility company.

Read the report to find out more.

Half of older care home residents paying their own charges

Official figures show even split between older people in care homes funding their own care (49.6%) and state-funded residents (50.4%).

52% of over-45s approaching a local council to arrange care would welcome a referral to a professional financial adviser. Read this report to find out more.

Dealing with vulnerable customers: the industry response

This is the first in-depth look at the progress firms have made, and how best to meet the challenges that lie ahead.

Amongst our key findings were that, overall, firms reported fewer than 5% of customers being vulnerable, and some firms less than 1%. The FCA believes that around 50% of consumers could be vulnerable. Read our 2019 report to find out more.

Annuities reinvented: Are annuities the missing asset class for sustainable drawdown solutions?

Milliman’s actuarial and financial risk management teams carried out comprehensive research to understand whether including annuities within the retirement “asset mix” improves income sustainability, but still offer competitive death benefits. Discover how the income sustainability from bonds compares with annuities.