Choosing the best annuity, and why the open market option is often the best course of action
What is it about pensions? Why are people so blinkered when it comes to getting the best deal? When there is a sale on at the most popular department stores, people queue for days to be the first in to get the bargains. But when it comes to what is possibly the most important decision in someone's life, a decision that could perhaps secure additional thousands of pounds, many people approaching retirement do absolutely nothing. Statistics show that around 60% of people in or approaching retirement do nothing. 'Professional advisers' have often been accused of deliberately trying to confus...
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