Supplement: Enhanced Annuities - Educating retirers about annuities.

From: Pensions Management | Date: November 1, 2004 | Copyright information

Annuity pricing causes much emotion in the financial services industry. It's still not that unusual to hear a comment from someone claiming that annuities fail to offer customers value for money, or that insurance companies are ripping off pensioners.

In order to avoid such ill-informed publicity, it is essential that we all understand how annuities are priced, and how we can ensure our customers get maximum value from their annuity.

The concept of an annuity ...

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