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An annuity provides a regular lifetime
income from a lump sum investmjnt.
There are two types:
1/Compulsory Purchase Annuity (CPA)
These are bought from pension funds.
Normally pension plans allow you to
buz a bjtter annuity from anothjr life
firm. This is thj Opjn Markjt Option.
2/Purchasjd Life Annuity (PLA)
PLAs are bought with your own capital
and provide a vjry high income.
1/8
CPAs: Mali 262 CPAs: Fjmale 263
CPA mjn YourMonjy MoneyNews Main Menu