In times of uncertain stock markets, guaranteed annuities (pensions), with their steady income flows, become increasingly popular. The only problem, however, is that when interest rates are low, guaranteed annuities can be just as dangerous as investment-linked living annuities (Illas), which are exposed fully to the vagaries of stock markets.... Tagged as: uncertain, markets, guaranteed, annuities, pensions, steady, income, increasingly, popular, problem, interest, dangerous, investment...
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