Will deferred annuities make a comeback?

Before Chancellor George Osborne's March 2014 Budget, it could be argued there was too much security and not enough freedom for British retirees. A typical retiree bought an annuity and that was the end of the matter - they were guaranteed an income for life but also locked into the policy. With ‘freedom and choice' unleashed, the world has been tipped upside down –there is much more freedom but little security. The industry is still getting to grips with the upheaval, but will need to satisfy the demand for more flexibility while giving some protection against members' funds runni...