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Ethical investment & sustainable living · since 2010 Sunday 15 November 2026
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Investment term of the day: Annuity

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An annuity is a financial contract, which provides an income stream in return for an initial payment with specific parameters. There are different types of annuities including variable, deferred and fixed.

Annuities are often used at retirement to convert pension savings into a regular income that will last for the rest of the individual’s life.

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