Annuities safer than sports cars

Annuities safer than sports cars
 

Sales slump after Osborne's pension surprise prompts warning to retired, writes Jeff Salway
PENSION savers have been told to keep faith with annuities after a dramatic slump in sales since the government unveiled plans to open up access to pension pots next year.
Insurance giants L&G and Prudential have both reported 43 per cent falls in annuity sales for the first half of this year, while retirement specialist Partnership has seen a 50 per cent plunge over the same period.
The collapse in the take-up of annuities – used by the majority of retirees to convert their pension pot into a... read more

 
17 August 2014 in Business, Views: 51
Source: Scotsman
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