Image:
Canada Life's Nick Flynn
Annuities have increased by 54% in two years putting the retirement income option firmly back on the map, Canada Life has said.
The provider said at the start of 2022, an annuity with a £100,000 purchase value would have paid an income of about £4,540 a year for someone aged 65 with no health or lifestyle conditions to decl...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
