The decision is yours

There are three important considerations when deciding on the right retirement income product: investment, investment and investment. Many people perceive annuities to be poor value, but compared to what? Based on average life expectancy, a conventional guaranteed rate level annuity will return circa 3% at best - in fact, it is a little over 2%. According to our Government actuary, a male aged 65 will live for a further 16.63 years. (see Table one). So, for our calculations let's be generous and say that on average an annuity is for a period of 17 years. (see Table two) Therefore, b...