The benefits of alternative annuities

What are the key benefits of income choice annuities? A higher level of starting income than under a conventional annuity; the potential for income to grow;  the ability to change that level of income; and having a guaranteed underpin, so that income will not fall below a certain level. It suits a fairly wide range of people - from those clients who have pension pots of around £10,000 and have got other sources of income to those with much larger pots. At the lower end, it is for people who can afford to take an element of investment risk, on the basis they will hopefully get a bet...