Many people thought that the Budget’s pension reforms would mean the death of annuities. But demand still exists. And that means opportunities for patient investors, says Ed Bowsher.
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Annuity company share prices have plummeted since the Budget. But the pessimism is overdone, says Ed Bowsher. And that means opportunities for bargain hunters.
The Budget announcement on annuities has triggered some major share price carnage. Ed Bowsher looks at the winners and losers.