What you told us ...

IT’S GOOD to be aware of the dangers of a poor decision in buying an annuity, but it still remains an impenetrable maze.

Ian Selwyn, Epping, Essex. HAVING turned 60 a few weeks ago, I am prompted to express my thanks to the Mail for such an important initiative.

I do not fully understand the pension payouts mechanism, not to mention the hidden perils of potentially losing vast sums of money.

S. L., email. WHY is it always necessary to shop around? Why can’t the firm we have saved with simply treat us decently?

Hazel Loader, by email. PRIVATE pension companies stuff their pockets with dead customers’ pension pots and then expect the state to pick up the bill for any hardship endured by their next of kin.

Jayne Shaw, by email. I HAVE been meaning to draw on my pension, but have found the whole process so complex and confusing that I have delayed making a decision.

Alan Beech, by email. PRIVATE pensions are a rip-off. They are so complicated, which is the provider’s intention so you have no idea how they work or what you will get until you come to draw it.

S. W., Stockport. HAVING worked for 30 years arranging pensions, I find it very sad that people’s retirements have been so badly affected.

I believe the problem began when insurers started putting their shareholders before their customers.

O. R., by email. INSURERS must stop putting out poor rates if they don’t want the business.

Some people will go ahead with the poor rates even if advised to shop around. If insurers can’t offer competitive rates, they should not offer rates at all.

O. D., Bilton, N. Yorks.