Annuities could see renaissance, says Tom McPhail

Still sees value in the products

Victoria McKeever
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Tom McPhail: "Annuities are not just an investment, for many they are still a longevity risk insurance contract.”
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Tom McPhail: "Annuities are not just an investment, for many they are still a longevity risk insurance contract.”

Annuities could see a renaissance once interest rates rise and as defined benefit (DB) pension pots continue to shrink, Tom McPhail has said.

Speaking at a panel discussion at this year's Morningstar investment conference, the Hargreaves Lansdown head of retirement challenged the view that annuities may be completely out of the picture thanks...

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