It is a product that turns your pension savings into an income for life, but demand has fallen off a cliff since the government introduced a range of “pension freedoms” in 2015 that meant people no longer had to take one out.
To all people out there, be aware of AMC, which pension providers don't easily disclose. All of them will take out of your pot annual management charges, fair enough but ask, get a straight answer you are entitled.Don't rest in your laurels thinking money will grow,watch it.
Negative interest rates. Stealing from the saver to reward the speculator. And they wonder why the world will turn to bitcoin
Same problem everywhere. Lowering interest is the big issue. Federal banks/FED/ECB/IMF and Worldbank are playing a financial game over the people. These banks are not independent, but are controlled by the very greedy, rich ones.
Why the surprise?
That is bad
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