I’ve bored many of you before with my tale of the five months it took BT, not to install broadband, simply to move the socket. After discussions with operatives from all corners of the UK and sub-continent, it took an email to the CEO to eventually make it happen (seven weeks later). So in my view, it couldn’t be any worse were it to be nationalised, and, who knows, may even improve. You’ll note, however, that in all the talk of nationalisation, the ‘P’ (for pension) word has not yet been mentioned. Read on.
“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.