Does QGIS offer an option to convert the dynamic labels for a given map layer into a separate annotation layer?
An example of this functionality, for comparison: In ArcMap, one can right-click on a layer and choose "Convert labels to annotation", upon which one is given the option to save the annotation as a layer in the current map document or as a new annotation feature class in a geodatabase. This allows the user to generate a large number of annotation features with a couple mouse clicks, after which the annotation layer can be spatially and textually edited to adjust placement and appearance of individual labels.
How might this work in QGIS without a plugin or Python?