VICTORIA BISCHOFF: Shame on the greedy pension sharks who still refuse to play fair on annuities

VICTORIA BISCHOFF: Shame on the greedy pension sharks who still refuse to play fair on annuities

What should you do with your money when you retire? It’s one of the most stressful personal finance quandaries we face.

And with a maze of options to navigate, financial advisers and pension providers play a crucial role in helping savers make the most of their hard-earned cash.

In truth, ordinary savers didn’t have a choice for years: they had to buy an annuity that would pay a guaranteed income for life. The Prudential is now facing a shameful compensation bill totalling £250 million for its role in the rotten annuity mis-selling scandal While this sounds simple, many retirees still heavily […]

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