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Two fundamental strategies are available to those in the post-retirement market: annuities or income...

Two fundamental strategies are available to those in the post-retirement market: annuities or income drawdown. Currently a little over a third of people use income drawdown, while the rest of the market opts for annuities. There are, however, well-documented problems with annuities. Fundamentally, since pensioners are living longer than ever before, annuity rates have fallen significantly. This has spurred calls for annuity reform. Indeed, there are already many encouraging signs of annuities being improved. The introduction of impaired-life and limited-life annuities has presented th...

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