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[…] Annuities remain bad value, but at the same time, longevity risk and sequencing risk are real. The product also faces a hard sell at the moment: bond yields are historically low and lots of savers will soon be getting their hands on their pension pots for the first time in 30 years. They are hardly likely to want to hand the cash straight to an insurance company. […]
[…] I fundamentally disagree: namely that annuities are a good thing for people under 75. See here and here for my previous posts explaining why they are not. This report reads as if financed by the […]
Reports
Annuities vs Drawdown – FCA Review of Retire…
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[…] Its author is Abraham Okusanya, who we met previously on a post about what poor value annuities […]
[…] Annuities remain bad value, but at the same time, longevity risk and sequencing risk are real. The product also faces a hard sell at the moment: bond yields are historically low and lots of savers will soon be getting their hands on their pension pots for the first time in 30 years. They are hardly likely to want to hand the cash straight to an insurance company. […]
[…] I fundamentally disagree: namely that annuities are a good thing for people under 75. See here and here for my previous posts explaining why they are not. This report reads as if financed by the […]
[…] further problems arising from increasing longevity and declining interest rates. Annuities offer much worse value than they did 20 years […]