Annuity rates have risen to a six-month high after the Bank of England (BoE) raised the interest rate last month.
Annuity rates - the amount of retirement income received per year based on a lump sum - have risen after the BoE raised the interest rate to 4.5%. After headline inflation dropped to 8.7% in Apr...
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
