Reform of the UK’s decumulation market

This research note focusses on the operation and role of the decumulation market in the context of an ageing population. This market includes financial products and activities which help people convert assets that have been built up earlier in life into incomes at and throughout retirement. This can include annuities, income drawdown and home equity release. This market can also include products which help manage costs in later life, such as long-term care insurance.