The great annuities con is over

[fazersharp]

  I have never understood them in the way that it is atotal gamble and the insurance company trouser it if you die once its starts. Mark my words this will be the next big misselling scandal. Billions wiped off the value of insurance companies because investors know what a money making scam they were, and now it will be gone so called experts are saying oh people "blow" it all and then go on to state pension and burden the taxpayer but what they fail to realise is that if I spend a £100k pension pot then I am paying the government £200K  by way of VAT on stuff I buy.