Five top tips for buying an annuity as incomes surge to 16-year high





Five top tips for buying an annuity as incomes surge to 16-year high

The latest figures on annuities show returns at their highest levels since the financial crisis – and annuity sales have surged in response. But industry experts warn that caution is still needed before making what is an irreversible decision, and offer these five tips to help you make the right decision. It might be a […]

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Shopping around for annuities “could earn you £6,000 extra over the course of your retirement”

With increased interest rates continuing to drive the highest demand for annuities in recent years, Legal & General has warned that shopping around before you decide could make a massive difference in how much you earn over the course of your retirement. New analysis shows that a 66-year-old with a £100,000 pension pot can now purchase […]

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Annuities back in fashion as interest rates rise… but what should buyers be looking for to get the right product for them?

Sales of annuities, which provide a guaranteed income for life, surged 22% during the first three months of 2023 according to the latest data from the Association of British Insurers – and high inflation and rising interest rates look set to continue the trend. Annuity rates are strongly linked to interest rates, and the sharp […]

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Will annuities be better the second time around?

From next year, those of you holding an annuity will be able to “resell” it. Good idea… or bad? And who might be able to gain from the move? By Mark Soper George Osborne has confirmed the go-ahead for the “resale” of existing annuity plans from April 2017 – a move that was pencilled in […]

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