Annuities have fallen out of favour in recent years, and particularly since the pensions freedoms of 2015. When announcing those changes in November 2014, the then-Chancellor of the Exchequer George Osborne famously said that ’no-one will ever have to buy an annuity again’. But do annuities still have a place in YOUR retirement planning? Today I’m going to give you everything you need to KNOW and everything you need to DO to make sure you get this right.
This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.
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As ever, a little knowledge can be a dangerous thing. I’ve heard too often that ‘annuities are dead’ and ’surely everyone goes into drawdown now’. Predictably, it ain’t that simple.
Resources mentioned in this episode
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