Moneyfacts in the news 31.01.20 | moneyfacts.co.uk

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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Derin Clark

Derin Clark

Online Reporter
Published: 31/01/2020

The expertise of the Moneyfacts team is regularly in demand from news outlets and journalists across the national and financial spectrum, with many relying on our up-to-the-minute data and insightful quotes to inform their stories. Here are just a few places we’ve been in the news this week.

Our story on the contrasting fortunes for drawdown and annuities during 2019 was used by Financial Planning Today . In the story, Richard Eagling, our head of pensions, said: “The growing number of individuals in defined contribution pensions schemes and the increasing popularity of drawdown mean there is now huge pressure on pension funds to perform in both the accumulation and decumulation phases of retirement.

“Indeed, our own drawdown survey recently found that 65% of drawdown customers are not taking a regular income, meaning that the vast majority remain highly exposed to stock market movements.

“Despite considerable economic and political uncertainty, 2019 was generally a strong year for pension fund performance. It was however a different story for annuities, with annuity rates suffering their second-heaviest annual fall last year.”

Our financial experts are often in demand, and this week they have been busy providing bespoke work for the BBC, The Telegraph and YourMoney. As well as this, during the week we provided bespoke data that was used by The Times.

As well as online publications, this week our work appeared in the printed national and regional press, including in Mortgage Introducer, The Sunday Post, Yorkshire Post, Daily Record, The Sunday Times, The Times (Scotland), The Times, i, Daily Express, Daily Mail and Daily Mail (Scotland).

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