Fixed term annuity

RogerPensionGuy

https://forums.moneysavingexpert.com/discussion/comment/82089061#Comment_82089061

This post & comment is one I find so true in my experience, so many friends and colleagues just don't appear interested at all in pensions or even simple investments or even just using a ISA, but they can be good at moaning saying it was their fault they made errors even school children could understand and avoid.

I guess it's a societal thing, they don't understand and appear they don't want to even pick up the basics.

I've always been more interested in finiance that most I know and I've learned so much on this site and especially on pensions plus other investments like ISAs and gilts.

A general big big thanks to all posters.

Cheers Roger.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82089434#Comment_82089434

The forum is a kind of feedback loop- Apart from a few Professionals who are/have been involved in the sector, we are all largely learning from each other ( and the input from the Professionals of course) . Although opinions can differ on Govt Policy, how to handle retirement spending etc. it is still good to have the info than not.

My OH is still largely in the dark about personal finance ( although not completely), despite many attempts to 'educate', which do not go down too well….. Although one offspring takes more interest, which is good.

Organgrinder

As someone who works in education, I find the lack of financial awareness scary and I'm talking as much about my colleagues as the young people I teach.

I think for many people, especially in sectors like teaching, having a pension that they don't need to think about only makes matters worse.

Anyway, on the subject of fixed term annuities. For covering a short term need I think they are certainly an option worth considering. Extremely low risk for a relatively good return.