Annuities: a £4bn pension heist, or a great opportunity to buy?
(The Guardian Money News)

The pension plans were an awful investment until they stopped being forced on usAnnuities have turned out to be fabulously profitable for Britain´s pension companies - and something of a disaster for many of those forced into them before pensions freedom began in 2015.Only now is it beginning to emerge just how awful those annuity rates were. An annuity is basically an income for life, and once the contract is taken out, you can´t exit it. But the pension companies that sold the elderly a dud are now helping themselves to a multibillion-pound windfall. Continue reading...