William Burrows: Is this a platform for rediscovering annuities?

Annuities are one of the oldest financial policies - and in fact they can be traced back to Roman times. There have been several attempts to innovate or reinvent them but, aside from advances in underwriting, the basic annuity policy has remained largely unchanged. To date, the most obvious innovation has been in the field of fixed-term annuities but these are not annuities in the traditional sense of being income for life - they are a type of pension drawdown. Fixed-term income plans have an important role in retirement planning but the income is only guaranteed for a fixed term and the...