How to choose an annuity

By George Cochrane
Updated April 17 2017 - 9:43am, first published March 25 2017 - 7:29pm

???My husband is 71 and I am 68 and we plan to retire in September or October 2017. We each have significant and similar amounts saved in superannuation funds and are considering transferring these to annuities. Should we invest everything with the same annuity fund or should we use different funds to ameliorate the risk if one fund fails? Further, if we are not happy with the performance of an annuity account, can we transfer it to another fund? J.J.