“Annuity rates are closely tied to the Bank of England Bank Rate as well as UK mid-term gilts. Many economists are anticipating a further cut to the Bank Rate this calendar year with future cuts ...
What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...
Annuities have experienced a bit of a resurgence in recent months amid high interest rates. These are pension products that pay a fixed income for life once you are ready to retire. But with other ...
Average annuity rates have risen 5% over the past year, despite two Bank of England interest rate cuts. According to data from Hargreaves Lansdown, the average 65-year-old with a £100,000 pension ...
Inflation has been falling recently, raising questions over whether buying an inflation-linked annuity is worth it anymore. UK inflation slowed ... At the same time, rates on annuities have ...