I'm struggling to see which people would benefit from annuities, they're poor for everyone.
Like it or not, people trust property and they can house their family in it too. They don't trust banks or insurance companies anymore like they used to.
Remember that people who are cashing in a pension now have suffered years of poor bonuses on their with-profits, maybe their WP endowments didn't pay off their mortgage. They are ANGRY and would rather DIY than hand over such a huge sum to insurance companies.
I don't know what you're thinking here. No smart person wants to leave a huge payoff to politicians or financiers when they die.
Last edited by a moderator: Mar 24, 2014