Surge in demand for annuities as retirees look to swerve inheritance tax on their pension: Are they worth another look?

More British retirees are turning to annuities to dodge inheritance tax on their pension wealth, driven by surging annuity rates. Despite the increased interest, there's still a significant misunderstanding about what annuities actually are and how they function. This shift matters because annuities can provide a steady income stream, but they're not a magic bullet for everyone; understanding the details is crucial for making an informed decision. The growing demand hints at a potential reevaluation of traditional pension strategies as people seek to optimize their financial futures.