Time to shop around at retirement

For those nearing retirement, it is hard to overstate the importance of shopping around for the most suitable annuity. As the UK recovers slowly from the financial crisis, a rise in living costs is further undermining the perilous finances of those in retirement. Over the past year, we have highlighted the need for people to use the Open Market Option to secure the best financial retirement solution. Now this is more crucial than ever. Inflation is increasing partly because of rising fuel prices - an essential commodity for aolder people who rely heavily on heating. Results from a recent...