Annuities Slammed for 'failing Consumers' and Retirees Advised to 'draw Down' Income from Their Pens

[Liz]

This article is from the UK, but claims that more than two-thirds of financial advisers in that country say annuities are 'failing consumers' and the nation's lack of faith in them will see more and more people turn to alternative 'drawdown' income to fund their retirement. Is there a difference between UK annuities trends and US annuities trends?

Financial advisers say annuities fail consumers | This is Money