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 ...

Morrissey explained that annuities grew increasingly attractive for older pensioners. Someone who annuitised a £100,000 pension pot at the age of 65 would receive an annual income of £6,309 on a ...

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.

More people are shopping around for the best annuity for their needs. Given that annuities cannot be unwound once bought this is vitally important. 'Different providers offer different rates and ...

However, the decision to exchange your annuity should not be taken lightly and may even have financial consequences. Unfortunately, it’s not as simple as cashing out and moving on to another savings ...

Sales of pension annuity contracts increased by 24 per cent in 2024 to 89,600, surpassing last year’s total and reaching a new ten-year high, figures from the Association of British Insurers (ABI) hav ...