Misunderstanding longevity risk

Sacha Dhamani says Steve Webb is wrong to claim people with low life expectancy get a bad deal from annuities

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On 19 March the annuity market died. Well not quite, but to hear George Osborne's pronouncement that "no one will have to buy an annuity" you would be forgiven for thinking it had.

In reality, the last vestiges of the compulsion to buy an annuity were swept away - and about time too! Annuities remain a great choice for those who would like to protect themselves in retirement ...

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