Money-back annuities "appeal to consumers"

Consumers would be interested in buying money-back annuities, providing they can secure a good deal in case they die early, says research conducted by the ABI. Called Annuities - The Consumer Experience - findings of the study were published yesterday at a meeting with DWP, Treasury, Inland Revenue, FSA and insurance officials to reveal almost half (47%) of those questioned would be willing to pay for a reduced annuity rate if they gain a money-back guarantee, similar to products Norwich Union and Prudential are hoping to launch. That said, those questioned say they do not view t...