What are the main differences between an annuity and a scheme pension?
Why do some people object to purchasing an annuity? Also, is it compulsory to purchase an annuity upon reaching the age of 75?
A Personal Pension Scheme (PPS) (UK)
http://en.wikipedia.org/wiki/Personal_pension_scheme
Annuity
http://en.wikipedia.org/wiki/Annuity_%28US_financial_products%29
I don’t know what the rules are for annuities in the UK.
Adam Bold: Don’t Buy Annuities!
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