Annuity-holders are more likely to report lower levels of stress (51%) and the highest level of financial confidence (24% versus 21%) compared to those without one. A recommendation from a financial adviser is the top reason people opt for an annuity (31%) Retirees with a guaranteed income report higher levels of satisfaction and face fewer affordability challenges, according to a new study from Legal & General and the Happiness Research Institute, an independent Danish think tank focusing on wellbeing, happiness and quality of life.
The research, which explored the lives and finances of 3,000 UK retirees, looked […]
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