Annuities are a complex minefield with many potential pitfalls. To help you understand and decide on the best option here is a simple guide on annuities.
What are they and how do they work?
An annuity is simply a financial product where you exchange a lump sum for income. Using the example of a pension scheme you usually exchange your pension fund for an income payable for the rest of your life.
The rate of the annuity is set by ...Continue Reading →