Annuities are looking far more attractive again… thanks to 13 consecutive rises to the base rate
Diane Kingston took out an annuity at the beginning of the year which pays her £800 a month (Photo: Supplied) Up until recently, annuities have been the least popular pension , but this has now changed with sales in the first three months of this year hitting £1.2bn – their highest level since 2015.
The reason for the sudden increase in popularity is the recent increase in rates, and therefore return. Now a 65-year-old with a £50,000 pension pot could expect to get £3,166 […]
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