Annuities are beginning to see a revival, as retirees shun drawdown and cash withdrawals for a guaranteed income, latest figures from the Association of British Insurers (ABI) have shown.
Data from the ABI, covering the sales of its insurer members, showed the 'rush to cash' in pension pots following the government's pension freedom reforms settled down over the year, with annuity sales...
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Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea