City regulator says some may risk running out of money in retirement,and others may not realise the true value of their contrivance People considering selling their annuity should be given risk warnings by the firms involved, under proposals set out by the City regulator. From April 2017 people who absorb an annuity, or which gives pensioners a guaranteed income,will be able to sell it on for a lump sum. Continue reading...
Source: theguardian.com