Pensioners’ annuity incomes plunge by 37pc in eight years View article All things point to a rise in the Bank Rate – and savings and annuity rates are already creeping up in anticipation. Anyone who wants to buy an annuity, an insurance contract that pays an income for life, with their pension pot will be desperate to avoid “buyers’ remorse”: buying now and then regretting it if rates improve.
There are several practical ways in which annuity buyers can reduce this risk. They could buy a “fixed-term” annuity ; they could wait until rates rise (and they age); or they […]
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