By Harvey Jones
Rising interest rates have driven up the returns on annuities, and providers say demand is starting to recover after years in the doldrums. Yet long-standing suspicions remain. Annuities fell out of favour after the Government abolished the obligation to buy one at retirement in April 2015. The over 55s are now free to take cash […]
‘Still a rip-off” – pensioners snub annuities despite £1,000 income hike. ‘Drawdown best’
Source: ‘Still a rip-off” – pensioners snub annuities despite £1,000 income hike. ‘Drawdown best’
Category: Finance, Annuities, drawdown, hike, income, pensioners, ripoff, snub
