Annuity misconceptions may lead to more stressful retirement

Annuities are not quite the central plank of retirement planning that they once were. But there is a danger that preoccupation with rates may be causing some pension savers to overlook the products, leaving them to suffer a more stressful time once they give up work. This case is made by research from Legal & General, conducted with the Happiness Research Institute, which dug into the lives and financial health of thousands of retirees in the UK. And its results were striking - those with an annuity were 51% more likely to report lower levels of stress than those without an annuity, whil...