Retirees should be using at least some of their pension to buy an annuity, according to a new report from the OECD.
The organisation’s report, Pensions Outlook 2016, argues that even though retirees can now use their pension savings as they wish, it still makes sense to use annuities because they pay a guaranteed income for life.
Source Moneywise http://ift.tt/2hsQUco
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