The best annuity rate will vary depending on the value of your pension pot, the provider and your own personal information. We asked retirement broker HUB Financial Solutions to crunch some ...

The best you can do as of early November 2020 is a mere 0.65% for a one-year ... way to save money for many people. It’s a fixed-rate annuity — also known as a multi-year guarantee annuity ...

The number of contracts sold dipped to an all-time low of just under 50,000 in 2020, down from about ... according to Hargreaves Lansdown’s “best annuity rates” data for this week.

There’s a set interest rate for a set period. For example, a seven-year fixed annuity from one company was offering a guaranteed annual yield of 3.50% for seven years as of June 2020.

If you needed to withdraw additional funds beyond your regular annuity payment for a given month or year, you could face high penalties. This general lack of liquidity means it’s best not to ...