Are annuities really such a bad idea?

The 2014 Budget changed the entire landscape for retirement and saving. But are annuities really such a bad idea? Ed Bowsher investigates.

The 2014 Budget changed the entire landscape for retirement and saving. But are annuities really such a bad idea?

Most people with pension pots use their pot to buy an annuity. That annuity gives them a guaranteed income for the rest of their lives.

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Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

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