adopt a ‘needs-based’ approach to restitution (‘bottom-up’ vs ‘top-down’)
offer significant tax advantages
prevent dissipation via mismanagement or adverse investment experience
offer flexible solutions, eg young persons where money needed over very
long period
guaranteed index-linking (‘RPI’) of benefits
provide lifetime guaranteed protection - risk passes to life assurance
company
annuity is fully secured against the insolvency of the life office under Policyholders Protection Act
Conclusion
15 years ago
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