Millions forced to take pension gamble: Annuity rates now so bad you’d have to live to 90 to get value for money

See on Scoop.itfutureproofmoney

The rates which determine how much a pension pays, are at an all-time low as a result of rising life expectancies and low interest rates. (Does anyone REALLY listen to ‘financial advisers’? -…

Pádraig Floyd‘s insight:

Whe will people understand that an anuity is AN INSURANCE POLICY against living longer than your funds allow?

Getting value for money is about getting the best value for money at point of sale for your circumstances and not being hoodwinked into giving up a) value in the form of backhand commissions and b) protection by buying from an online shop where people have been conditioned for years to buy on PRICE, not value. #givemestrength #ffs #annuities  

See on www.dailymail.co.uk

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