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Annuity Rate payback time.

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Comments

  • meanscot
    meanscot Posts: 90 Forumite
    edited 21 March 2014 at 11:12AM
    kidmugsy wrote: »
    "meanscot" is obviously No True Scotsman, but some sort of "black flag" operation set up by one of the usual villains - the Labour Party, say.

    Is the Labour Party some UKIP fringe group who support ladies in Labour. :love:

    meanscot
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Linton wrote: »
    So annuities arent that much of a gold mine for the pension companies. The money they gain from people dying early mainly goes to pay those who die late.

    Which is the whole point of pooled risk. The real issue is the charges levied for administering such a basic service. Far too high.
  • Annie1960
    Annie1960 Posts: 3,009 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    meanscot wrote: »
    I did take advice from an IFA and shopped around but with such a small pension pot this was the best offer I had.


    meanscot

    Even after the changes, the advantage of buying an annuity is that you get certainty, and don't take any risk. You know how much income you will get for the rest of your life.
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