Do one-year fixed-term annuities go the distance?

The flexibility introduced in the Budget has meant that a large number of retirees are stuck in limbo. They no longer have to annuitise, but if they do anything this year, they will be locked into the old regime. The quest for flexibility in retirement has put many people in an uncertain position – both consumers and pension providers themselves.  Two of the big annuity players responded by launching one-year fixed-term annuities (FTA) in a bid to make the transitional period easier for pensioners who need an income between now and when the new rules kick in. "Annuitants will be ab...