In reply to cobweb the 5% achieved was after fund charges and financial adviser charges over a 5 year period using Axa for a investment portfolio of various equity based on a medium to high risk ( 7 on a scale of 10) .We took a monthly drawdown rather than a annuity.It has its risks rather than a simple savings account but over a long term has born fruit.It has been down as well as up ! but after 5 years a good choice. Not for everyone as its a stocks and shares gamble.