Many people overlook annuities because they lack the flexibility and death benefits of drawdown, however, there are certain types of annuities which offer far more flexibility than people think.
Martin Lewis compares pension annuity against drawdown
An annuity is a product that turns an individual’s pension savings into an income for life, and there are predictions that many more people will now be looking at using some of their retirement cash to buy one. New figures show annuity rates have leapt by 44 percent in the space of a year and are now at their highest levels since early […]
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