Standard Life has launched an annuity deal following a strong recovery in the retirement income they can buy, which has tempted many older savers to give them another look.
This would offer a 65 year old with a £100,000 pension pot living in a medium band postcode around £7,000 a year, with no guarantee period after purchase or inflation protection.
Annuities provide a guaranteed income until you die.But they have been shunned for years due to poor rates and restrictive conditions, and after gaining a bad reputation on the back of annuity mis-selling scandals. Pension freedom reforms in 2015 prompted most […]
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