Annuities debate

Often dismissed as inflexible and poor value for money, the annuity market has in fact undergone a great deal of change. Most notably developments in the enhanced annuity market promise to usher in products more personally tailored to the individual. We have also seen increased use of fixed term annuities which give clients more time to fully consider their retirement options and more recently we have seen products enter the market that enable clients to change the level of income they receive. While this innovation can only be a good thing, the industry also faces a second challenge of ...