Subscribing to an annuity alternative

When you buy an annuity you know the odds are against you. If you outlive the average life expectancy for your age group you will have made a good investment, but die early and you will have lost your capital in exchange for a few years worth of income. The only consolation is that you will not be around to ponder the alternative and possibly much better investment options that were available to you. One such alternative is to invest in income shares of split capital investment trusts. Split trusts issue two or more classes of share, each with differing entitlements to income and capital,...