Today, we're diving into the perplexing topic of why more people don’t buy annuities to provide a guaranteed income in retirement, and who better to have this conversation with than Billy Burrows.



Billy is a highly regarded financial adviser with over 30 years’ experience and founder of the Retirement Planning Project which aims to make it easier for people to get information and help on all aspects of retirement planning.



In our conversation Billy and I explore some of the reasons that deter potential annuity buyers from securing their retirement income, explain mortality drag and mortality cross subsidy, plus why buying annuities in stages can be beneficial.

We also discuss the impact future government policies could have upon pensions and annuities – in light of the upcoming general election.
 

USEFUL LINKS

Find out more about Billy: www.williamburrows.com 
Billy on Twitter / X: https://x.com/BillyBurrows

Billy on LinkedIn: https://www.linkedin.com/in/billy-burrows-6ab1521a/  

Billy’s previous episodes on the podcast:

Pension freedoms: https://www.theretirementcafe.co.uk/episodes/pension-freedoms 

Annuities: https://www.theretirementcafe.co.uk/episodes/william-burrows 

Pension income options – annuity versus drawdown: https://www.theretirementcafe.co.uk/episodes/179-annuity-billy-burrows 

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⚠️ This podcast is for information and entertainment only. Nothing on this podcast constitutes financial advice. Please do not make any decisions based on the contents of my podcasts; seek professional independent financial advice first!