Annuity rates are up over 50 per cent over the past three years — but there are still arguments for and against buying author avatar image Annuities have recently come back in fashion with rates up by nearly 50 per cent, however, they could soon start to dip again.
In November, a healthy 65-year-old with a £100,000 pension pot could buy an annual income worth £7,000, compared with just £4,700 three years ago, up almost 50 per cent, data from annuity broker Retirement Line shows.
But as of January, the income you could take home has decreased to £6,700 a year, […]
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