Nearly one million people are considering annuities for the first time to guarantee stable incomes, avoid market volatility and make the most of higher rates. However, misconceptions about the product are still high as 44% of people want a guaranteed income in retirement but less than half recognise an annuity as a potential solution. Legal & General analysis of its own data has seen annuity rates increase by around 40%
Nearly one million (990,000) pre-retirees, those aged over 55 and still in work, are considering annuities for the first time in preparation for their retirement, according to research […]
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