“Obesity: Unhealthy ‘buy one get one free’ deals targeted”

Jul 28, 2020 | In the news

An independent (financial adviser’s) view

Strange to think that for hundreds of years, right up until the first half of the last century, being overweight/fat/obese was a sign of prosperity. It was the downtrodden, hungry masses who were thin and, ironically, still unhealthy. Hollywood and the 60s made thin the new fat and now fattening food is cheaper, it’s the rich who can afford to exercise and to paraphrase Pulp, the ‘Common People’ ‘eat and drink and s—-w, because there’s nothing else to do’. Making sugary, fatty foods more expensive will work if the healthy stuff gets cheaper. Which it won’t. We’ll end up instead with lots of hungry, unhealthy kids on our national hands and conscience. And £50 for repairing bikes? We’ll end up with lots of newly-fixed-up bikes on Ebay.

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“Record year for annuity sales driven by advisers”

“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.