Ignore annuities at your peril - Just Retirement

Data compiled by Just Retirement show that a 65 year old retiree with a fund of £50,000, who deferred their annuity purchase by one year, could take up to 13 years to recoup the loss. Nigel Barlow, head of retirement income solutions at Just Retirement, said: "In uncertain economic conditions, consumers may feel it wise to defer buying their annuity - especially if their pension funds have fallen in value over the past few months. "They may believe that by leaving the funds invested and hoping they will recover, they can then take advantage of a higher annuity at a later stage." For e...