Retirees shopping online for annuities

In a survey of 12,000 annuity customers, Just Retirement found 8,559 or 74%, have direct access to a computer. Of these people, 63% use the internet to shop; 82% for research; 51% to review financial statements while 82% use email. Only 16%, however, use social networking sites such as Facebook or Twitter. "The proportion of people willing to use the internet for research is a particularly bright spot as there is a wealth of information available to help them through the maze of options at retirement and to help them keep in touch," says Nigel Barlow, head of research at Just Retireme...