letters

Debating annuities

Julian Stevens WDS Ifas, Bristol Sir, Amy King expresses the view that arranging an annuity is something that should be quite simple (but manifestly is not) and that the solution is in the hands of the FSA. I disagree. Arranging an annuity is something that should be consigned to history, or at least should be relegated to just one option behind other more up-to-date, relevant and attractive applications for three-quarters of one"s accumulated pension fund. The broad public is waking up to the fact that annuities are a bad deal in terms of their poor income generating power and the la...