OK, everyone, imagine this scene in your kitchen. Your significant other asks why the washing up hasn’t been done, the living room’s un-hoovered and bins not put out. You say that, while you understand his or her feelings, you plan to invest record amounts in both dishwashing and vacuuming services and where possible reverse cuts in refuse evacuation. Don’t think you’d stand a chance. But of course, none of us have a majority of 80 at home.
“Record year for annuity sales driven by advisers”
I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.