“This often leaves clients with the peace of mind that they have enough income to pay their bills and food costs, but they can also have funds in the background invested in the markets for potential long-term growth.
"Clients often use their invested funds to pay for things like holidays or luxuries, or they see this as their pot they are leaving to their beneficiaries as their needs are taken care of through the annuity.”
Ima Jackson-Obot is deputy feature editor at FTAdviser
