For once in my life I can claim to be an Inbetweener, neither a Snowflake nor a BabyBoomer. Confused? The FT is sticking up for downtrodden Millennial Snowflakes, who blame the BBs for Brexit and the fact that they’ll never get on the housing ladder and spend their money instead on Uber taxis, crushed avocado on toast and decaf lattes while scanning their iPhones. The Boomers’ represented by certain other daily papers, think that if the Flakes got off their backsides and did a decent day’s work none of us would be in this mess. Which, I imagine, is just what their parents generation said about them. Plus ça change.
“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.