Annuities

Just one in ten UK adults aged over 50 are willing to risk their money

Payback period on a benchmark £100,000 annuity today is 14.5 years

Analysis finds gap could leave retirees potentially £500 a year worse off

Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May

Isio acquires Deloitte UK’s pensions business, and DLUHC seeks views on McCloud remedy

In an increasingly busy market for bulk purchase annuities, schemes are reaching buyout funding earlier than planned.

Increased rates mean a disparity between annuities is ‘very apparent’

Standard Life analysis found internet searches for annuities are also on the up as rates rise

The best guaranteed income plans generated an additional 16% income in retirement

Standard Life says those nearing retirement need a pot of £267,000 to get similar income