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Helen Morrissey: A lot of comment in the media over recent months has been saying that annuities represent poor value for money. I'd just like to start off asking people on the panel to what extent they think that this criticism is deserved? Matt Trott: I think it's thoroughly undeserved. A number of academic reports have been published that prove annuities do represent value for money. I think we have a perception problem here, and there's a number of reasons for it. Number one is that I don't think people appropriately value the insurance element of annuities. I don't think they value t...