Annuity rates plummet: is a guaranteed pension income still worth it?

Annuity rates plummet: is a guaranteed pension income still worth it?

Annuity rates have plummeted as much as 15% since the start of 2019, according to new findings from Hargreaves Lansdown.

The investment heavyweight has described the current annuity market as a ‘horror show’ for soon-to-be-retirees who have had their retirement income prospects hit the hardest.

Here we take a look at why annuity rates are falling and whether there’s any point buying one.A free newsletter from Which? Money Compare offering unmissable news, deals and money-saving tips delivered to your inbox every week, along with information about Which? Group products and services How annuities provide pension income An annuity is an […]

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