Had a couple of interesting conversations recently. One with a conspiracy-theory-believer, who’s been convinced that everything and everybody in power has their strings pulled by a few, super-rich persons of no fixed abode or nationality. Another with an Exeter alumni who lives in Switzerland and hunts money-launderers. He told me he’s closed down six banks in as many years. Is there a connection? Or would that be just another, crazy conspiracy theory?
“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.