Investment for a Pensioner

[feo]

Grandad is an 80 year pensioner with pretty much all his cash in fixed deposits.

He wants to know if there are any other (pensioner-friendly) types of investments that can give him a monthly source of income (like an annuity type thing) and where the return he'll be getting will beat the current fixed rates.

 

[FNfal]

Nothing is as safe as fixed deposit , but the returns are not good .
He needs a financial advisory .
Have a look at a living annuity with coronation .
http://www.coronation.com/personal/retirement-options