Annuities: Shopping around just isn't enough

Much has been written about annuities and the other retirement income options in the recent past and much of it has centred on a few well-known themes including the need to shop around, the problem of low annuity rates and the importance of considering the investment-linked annuities and drawdown. Good as the media output on annuities is, many articles leave individual clients with a sense that all they have to do at retirement is to shop around for the best annuity rate, especially enhanced annuities and they will have done the right thing. However, making the right decisions at reti...