I was very disappointed to learn of Met Life’s decision to leave the Fixed Term Annuity Market. Fixed Term Annuities appeal to many younger retirees who think the interest rate cycle will change over the next few years and couple with being older hope to receive a superior rate of return compared with current offers. At least the big players in the market have confirmed their intention to remain for the foreseeable future. Fixed term annuities, income drawdown and impaired life annuities are all options which should be discussed and investigated with your independent financial advisor when you are thinking of putting your pension savings into payment.rnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
