The Anonymous Widower

It’s All Our Fault!

BBC Breakfast had an interview this morning, with a guy from the insurance industry.

He blamed the poor quality of annuity products on the fact that we’re living longer, low interest rates and customers being more intelligent.

Just as we’ve had peer-to-peer lending for banking, we need a clever person to think up a killer application, that looks like an annuity, but gives a better return with no fees to insurance fat cats.

The cream should stay with the insured.

March 21, 2014 - Posted by | Finance, World |

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