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Chris Knight: "The market has its work cut out to highlight to both consumers and the media the valuable role annuities can play as a source of later-life income.
Pension freedom may have given people more control over their retirement income but, warns Chris Knight, a lack of awareness about the various income options available means thousands of people are defaulting to drawdown
Some might conclude it is not looking too good for the annuities market at the moment. The recent Financial Conduct Authority (FCA) bulletin, for example, reports the number of annuity sales has fallen...
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