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You should be ashamed of yourselves, Liberty Life

I just came across a client who has been sold a decreasing life annuity by someone representing Liberty Life. Yes, I know that there is no such thing (officially) as a decreasing life annuity (no one would buy it if there was) but this is effectively what a non-escalating life annuity is. You have condemned …

Bad business

Living annuities have received a lot of press in the past while and much of it has been critical of the product (sometimes rightly so). The issue has mostly been around the erosion of income because of poor fund selection and an income draw that is too high and thus not sustainable. This has resulted …

What’s worse?

When you finally get to retire from your pension fund or retirement annuity you are faced with a significant (and very important) choice about what kind of annuity you will purchase (with the compulsory portion of your fund). Simply put, there are 2 choices: a conventional life annuity (through an insurance company) or a “newer” …

The Financial Coach

You should be ashamed of yourselves, Liberty Life

Bad business

What’s worse?