How to the dodge the £8,000 annuity trap
How to the dodge the £8,000 annuity trap Incomes varied by £404.85 on average last year 16 May 2021 • 5:00am More than 30,000 savers each year miss out on an average of nearly £8,000 by failing to shop around when they buy an annuity. Annuity rates can vary according to who you buy them from. In many cases those who stick with their current pension company can lose out on thousands of pounds for each year of their retirement. Nearly 64,000 people who bought an annuity in the past two years did not seek guidance or advice, according to the Financial Conduct Authority, the City watchdog....
Source: telegraph.co.uk