Contractual RAs cost you more than flexible alternatives

APART from the obligations that contractual retirement annuities (RAs) impose on you to keep contributing for the full term of the contract, there is a further downside to these products: their costs. Personal Finance found that the costs on a contractual product may be up to about 2% more a year than on a flexible unit-trust RA.

Last week Personal Finance covered the case of Mr C, who, at the age