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The Meaningful Money Personal Finance Podcast

MMP084.mp3

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 12 November 2014

⏱️ 27 minutes

🧾️ Download transcript

Summary

In light of the changes to pensions announced in the Budget, some are predicting the death of the annuity. These venerable financial tools have been around for decades, and I don't reckon they're going anywhere anytime soon. In this week's podcast I explain why...

Transcript

Click on a timestamp to play from that location

0:00.0

Hi folks and welcome to the Meaningful Money podcast session number 84.

0:04.3

I'm a fixed income and if you can't help me, I don't know what I'll do.

0:17.2

Well, she should listen to this podcast, which is dedicated to helping you put your finances in order.

0:23.7

My name is Pete Matthew, and I'm going to share with you everything you need to know and everything

0:27.1

you need to do to secure your financial future. I'm here to help you make sense of money.

0:45.8

Okay. Today. Okay, today I am going to be arguing in defence of the humble annuity.

0:51.0

This venerable financial product is very much on the back foot right now due to some sweeping changes to the pensions regime, which were announced in the

0:54.5

budget back in March. But the annuity hasn't been around for as long as it has without good

0:59.2

reason. And I reckon it'll still be around for many years to come, despite what the naysayers

1:04.2

say. So I'll be giving my reasons that I believe that, and then I'll look at what you need to do

1:08.7

when you're considering whether or not an annuity is right for you.

1:13.6

So usual format of the show, we'll look at all that and then after that, well, I normally go over any recent reviews which have been left.

1:21.4

But there haven't been any this week for shame.

1:24.5

iTunes is doing weird things at the minute.

1:26.4

Lots of non-English language podcasts in the top 10, which is a bit odd, and I think there must

1:32.4

be some kind of glitchy thing going on, unless the world has changed massively while I

1:37.3

wasn't looking.

1:37.9

But anyway, if you can leave me a review this week, if you've been thinking about it and

1:41.3

meaning to get around to it, this is the week to do it.

1:43.3

So please do do that. Go to meaningfulmoney.tv slash iTunes.

1:47.9

Use the link there to open the iTunes software on your computer and leave me a review.

1:51.5

It makes a massive difference to me. So I'd really appreciate it if you would do that.

...

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