I write articles about all aspects of retirement income, especially annuity and drawdown. I also regular appear in the national press and occassionaly on radio and TV.
Annuity update July 2022
What's happening to annuities? – Annuity rates have increased significantly this year. Why are rates rising? – Bond yields have doubled since January How much have rates increased? – So far this year the income from a £ 100,000 annuity has increased by £1,300 per annum which is 35% Annuities rates are linked to the yields on fixed interest investments such as gilts and corp ...
Time to take annuities seriously
Annuities have always been a serious business* but since the introduction of pension freedoms in 2015 most retirees (and advisers) have not taken annuities seriously and many invested in pension drawdown rather than purchase an annuity.
Annuities have been unpopular for three reasons:
I have been advising clients about their annuity options for over 25 years and I too have not taken annuities seriously for the last 10 years because the since the credit crunch in 2008 rates have been so low, but I really believe that it is time to take annuities seriously again.