Annuity is a term that until recently everyone had heard of but few of us not of retirement age knew what it meant. The March 2014 changed that. Suddenly annuities became big news and exciting stories about the possibility of Ferrari driving pensioners were splashed across the newspapers. This article is a quick look at the changes to annuities and how they will affect you, so the first thing to do is to explain specifically what annuities are, and how they have changed. An a