Bond rally bad news for annuitants (annuity)
Annuity rates have tanked by 14% so far this year, with a £100,000 pension pot now buying a 65-year-old £4,654, £759 less than at the start of the year, according to research. Rate changes have been even more pronounced for younger retirees.
Annuity market showing ‘green shoots of recovery’ analysts say
The individual annuity market is showing “green shoots of recovery” according to an analysts’ note by RBC Capital Markets.