Retirement: Do Annuities still have a part to play?

Yes or no decisionAnnuities have had a tough time over recent years. The general dislike of this particular financial product, can probably be traced back to a time when anyone turning 75 had to buy one. Even though this rule changed many years ago, falling Annuity rates, potential miss-selling and political rhetoric (remember George Osborne’s Budget speech in 2014) have done nothing to improve the image of this most humble of financial products. Finally, of course, we have the introduction of Pensions Freedom, designed to deliver more flexibility in retirement; a word ...