'Insignificant annuities'; Vanguard's technical difficulties; and 'lodger dodgers' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
The pensioners stuck with annuities paying as little as £1.26 a week Millions of pensioners are "languishing" on annuities paying out insignificant amounts, says this Telegraph article, after the government initially promised annuity-holders would be able to sell their policies before U-turning, two years ago, for fear it would put consumers at risk. The paper says it has subsequently been "inundated" with emails from readers who are stuck with tiny annuities bought before the pension freedoms were introduced. Now a campaign group is urging chancellor Philip Hammond to use the upcoming...
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