Annuity

An annuity is a product that can provide you with a lifetime income, typically on retirement. You pay a lump sum to an insurance company and in return receive regular payments for an agreed period. With a life annuity, you would receive payments for the rest of your life whereas with a deferred annuity, your insurer will not start giving you money until either a specified later date, or when you reach a certain age.

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Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
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27 March 1963: Beeching recommends cuts to Britain's railways

On this day in 1963, Dr Richard Beeching produced his infamous report that saw many railway lines closed in favour of bus services.