Money’s worth - are annuities good value for money?

Challenger Retirement Income Research | 20 May 2013

Everyone wants value for money when they buy something, including financial products. Someone who invests in a managed fund wants to know that the return they get will more than offset the fees paid. In other words, people want to know that they will get back more than they put in. After all, that’s the whole point of investing.

Similarly, when people buy an insurance product like home, car or travel insurance, they get peace of mind from transferring ...