Any pension Annuity comparison will show how far Annuity rates have dropped in recent months. Statistics showing that Annuity rates have fallen in each of the past four years and by around 40% over the past 16 years emphasise the point still further.
The Annuity problem
Whilst buying an Annuity when rates are low is understandably unattractive, for many people who need the income and want a simple and guaranteed solution the perception is that there is little alternative.
Enter the Fixed Term Annuity, could this be the answer to creating an immediate income, without locking into all time low Annuity rates?