One step away from income drawdown

Investment-linked annuities have been a hard sell over the past three years, amid falling stock markets which have led potential investors to turn their backs on equity markets. Even so they have their backers who feel the contracts still have an important place in the UK market. Danny Cox, pension specialist at Hargreaves Lansdown, says investment-linked products have a role among annuitants who are aiming for a potentially increasing income. Because of the high risk factor, it is necessary that they also have another form of income, he stresses. 'Without exception, people who...