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.

Stringent Carer's Allowance rules discouraging thousands of carers from working

Thousands of working age carers discouraged from working due to stringent Carer’s Allowance rules. Seven in 10 (72%) in receipt of Carer’s Allowance not in paid employment. One in six (16%) do work but more likely to be in low-wage jobs. Care system forcing people – mainly women – to sacrifice their careers and undermine pension saving, says retirement specialist Just Group. Read this report to find out more. 

One in 10 early pension dippers regret withdrawing from pot before retiring

One in 10 early pension dippers regret withdrawing from pot before retiring as half fail to seek advice or guidance. Around one in 10 retirees who withdrew from their pension between the age of 55 and leaving full-time work said they regretted it. Half of these early pension dippers didn’t receive any advice or guidance before accessing their pension. Read this report to find out more. 

62% of over 75s waiting for clear government policy on social care to start planning

More than three in five over 75s say that they are delaying financial plans for potential residential care needs until new plans for funding are introduced. Liberal Democrats have pledged free personal care for older people as voters await manifestos from the Labour and Conservative parties. Read this report to find out more. 

Nearly two-thirds of workers retire before reaching State Pension Age

Nearly two-thirds (62%) of retirees left the workforce before State Pension Age. Over a third (34%) of those dipped into their pension before retiring adding to concerns over the sustainability of pension pots. Read this report to find out more. 

Average home value enough to pay for seven years' later life care

Retirement specialist Just Group finds care cost increases are outstripping property price increases, reducing the number of years of care that selling a home can pay for. Read this report to find out more. 

How fixating an average life expectancy can hoodwink retirees into later life poverty

What are the chances? How fixating on average life expectancy can hoodwink retirees into later life poverty. Average life expectancy is a misleading figure when making retirement plans. Retirement specialist Just Group says retirees need to consider all the ‘what ifs’. Read this report to find out more. 

Older annuity buyers have most to lose by not shopping around

Gap between the best and worst annuity rates increases with age. Retirees waiting until later in life to buy annuities are at most risk of missing out on extra lifetime income by failing to shop around for the best deal. Read this report to find out more. 

Gen X spending equivalent of full State Pension on care for elderly relatives

One in 10 (11%) of Generation X are financially supporting elderly relatives with care costs. Paying an average of £237.50 a week – equivalent to £12,350 a year or more than a full new State Pension. Majority of Generation X say these caring duties are making them feel poorer (54%) and tired (53%). Find out more

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.