Annuities offer good value formajority of purchases

As life expectancy continues to improve and far fewer people work past age 60 than was the case 40 years ago, buying an annuity as early as possible is becoming essential for those with limited savings

If most people in retirement are hoping for increased leisure time and good health to enjoy that time, the statistics on demographics in the UK continue to be encouraging. Life expectancy in the UK has increased by more than 10 years since 1950 and continues to grow by approximately two years each decade, according to the Department of Trade and Industry. Improved healthcare, combined with increasingly healthy lifestyles, means the quality of life in retirement is also improving over time. Another dramatic statistic is the increase in early retirement, with far fewer people working in...