Annuities may stage comeback as CPI soars – planner

National Financial Planning group Continuum has predicted that annuities may see a return to favour as advisers try to cope with the impact of soaring inflation on their clients.

The company believes that the guaranteed long-term income of an annuity may be more sought after, particularly index-linked annuities which offer a chance of long term income growth.

Annuities have declined significantly in popularity in recent years as clients have moved towards income drawdown products following the Pension Freedoms.

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