The main risk with level annuities is inflation which will halve the spending power of the annuity income over 20 years at even the current (low) rates.
Of course they do.But most people don't buy them, because they are regarded as poor value: how long does it take for them to catch up with level annuities in the amount of income you receive? Is it 17 years?
how many will have a shortfall, just as with endowments?
It seems that IFAs sell more investment-linked annuities ( eg With-profits annuities) than income drawdown plans.
Why are these annuities apparently regarded as less risky than income drawdown?
New plans have just been announced by the Government
DON'T assume your landlord covers you
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