Annuities are very popular for retirees – and, indeed, were until recently compulsory when an insolvent pension plan was being wound down – but are largely misunderstood. I examined some of their investment characteristics in my recent article “The Annuity Decision”, published in the March/April, 2011, edition of Canadian Moneysaver.
Look for the research link!
Update, 2011-6-15: Regretably, the link to the publicly available annuity rate information given in the article is no longer operational.
Update, 2011-9-27: Canadian annuity rate data, collected by CANNEX, is now being published by the Globe & Mail.