The case against annuities

A big feature in the Daily Mail titled ‘The 10 perils of taking your pension’ might just as well have been titled ‘The case against annuities’, since most of the negative points it made referred to the complexity of annuities and the poor value they offer. While its points were valid, most of the drawbacks of annuities can be avoided if you get sensible advice – and it is low interest rates that are the main cause of dissatisfaction.