Don’t write off annuities

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Retirees finally have reason for cheer

Finally, a spot of good news for those nearing retirement. Annuity rates have finally begun bouncing back after a prolonged period of decline, meaning that people cashing in their savings today could get substantially higher pensions.

Annuities may have gone out of fashion since the introduction of the new pensions freedom rules in 2015, but these insurance contracts remain the bedrock of many people’s retirement finances, since they offer a [...]

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