
A couple of weeks ago the respected financial Journalist, Dan Hyde, revealed the results of a Daily Mail investigation into the profit margins of Annuity providers.
To many people, the findings of the investigation were surprising: “Based on insurers’ own predictions, they claim to make £6,500 profit from every £100,000 of savings. But this assumes savers always pick the very best deal and live until they are 90.”
“In reality, on average someone turning 65 this year will die when they ...