Were you advised to get financial advice at the time you signed or told anything which was misleading or inaccurate?
No I didn't. All I received was a phone call to say your papers are here to sign.if the papers had been sent to me prior to signin for me to look at as the life insurance did I would not have signed.in ignorance of what an annuity was I believe I should have had time to read the contract as that is what it is.my friends thought I was mad to sign for annuity. At 63 I should have known better but I didn't. I trusted a friend.thank you.
The general rule is that should we fail to read the coinditions we are still bound by them and there is no obligation to go through them with a potential customer. As long as the conditions are there to be seen "buyer beware" applies in the absence of misleading representations.
It is clear this is not the product you wanted but it may be worth exploring whether you can alter the position. You can get free advice from organisations such as the Pensions Advisory Service that may be able to assist.