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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Annuities News Stories

Annuity rates set for second year of rises

07th August 2018 The Moneyfacts Pension Trends Treasury Report has revealed that in the first six months of 2018, average annual annuity income rose by between 1.4% and 4.8%. If this continues, this would be the second year in a row wherein annuity rates have risen. Read More...

Survival underestimation may impact annuity uptake

16th April 2018 New research shows that people in their 50s are underestimating their chances of surviving to the age of 75+. With the increased flexibility offered by the pension freedoms, this means that people could end up lacking funds in later life. Read More...

Pension firms must highlight better annuity rates

02nd March 2018 New rules aimed at increasing the number of people who shop around for an annuity when they retire have come into force. Read More...

Enhanced annuity rates see big fall

31st January 2018 Annuities have not had a great time of it since the introduction of pension freedoms, as many people have turned away from these guaranteed income options. Enhanced annuities have fared particularly poorly. Read More...

Retirement incomes still 27% lower than 2008 level

31st October 2017 A new report by Moneyfacts has revealed that while the total amount of money being saved into personal pensions has surpassed the pre-financial crisis high, the retirement incomes that are being delivered are still 27% lower than in 2008. Read More...

Shift from annuities to drawdown continues

26th October 2017 Annuities used to be the go-to way to secure an income in retirement, but thanks to the pension freedoms, that’s no longer the case. Indeed, demand for annuities has plummeted in recent years, to be replaced by income drawdown. Read More...

Drawdown overtakes annuities – but seek advice

13th July 2017 Once upon a time, annuities were the most popular way to secure an income in later life, but income drawdown is now growing in popularity - yet there are concerns many retirees aren’t making the right decision, with a lack of advice being key. Read More...

Drop in equity release rate could save over £32K

04th July 2017 If you’re looking to release equity from your home, we’ve got good news! The interest rates on fixed lifetime mortgages have fallen for the eighth consecutive month in July, to stand at 5.53%. Read More...

Just 22% buy an annuity – should you consider it?

30th October 2017 At one time, annuities were the go-to option for those planning their retirement income. However, thanks to the pension freedoms, annuities now feature well down the list of income options, but is such a product still worth considering? Read More...

Annuity rate rises boost retirement income by 11%

03rd February 2017 If you’re approaching retirement, you’ll probably be starting to think about the kind of income you could achieve. Well, we have good news, as average retirement incomes have risen by 11% in just three months! Read More...

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