William Burrows: The case for annuities is regaining its strength

Milliman report adds weight

clock • 3 min read

There are signs the case for annuities is growing stronger, writes William Burrows, as the volatility in the financial markets is taking the shine off drawdown and there is more research on their usefulness

At the end of last year, I wrote a piece wondering if 2018 was going to be the year of the annuity? For the Chinese, 2018 is the year of the dog but, here in the UK, annuities have been in the doghouse since the advent of the pension freedoms and they look like remaining in the kennel for some time to come. There are few people more enthusiastic about annuities than I am but, since pension freedom, it has been difficult to argue the case for annuities because not only are rates at historically low levels, the flexibility provided by drawdown has gained the upper hand There are, howeve...

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