Annuities

Annuities have come in for their fair share of bad press in recent times. Often labelled as poor value for money, annuities can be seen as inflexible and unable to meet client's needs. Lack of death benefits and exposure to the stock market are also common criticisms levelled at annuities and the advent of third way products and ASP along with increased interest in income drawdown all present their challenges. However, it hasn't been all bad news. Last year's Government report The Annuity Market recorded a tripling in the annuity market in the last 15 years with more growth expected in futu...