Retirement income: Annuities provide a safe income for life, and deals have improved after recent interest rate hikes Annuity sales have surged by a fifth to a four-year high, as better value deals prompt more people to choose a safe retirement income rather than invest their pension.
Despite offering the advantage of a guaranteed income until you die, annuities have been shunned for years due to poor rates and restrictive conditions.
But the recent run of interest rate hikes mean providers can afford to fund much more attractive deals.For £100,000, a healthy 65-year-old can now get income of around £6,790 a […]
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