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Will annuity rates recover in 2018?
After years of decline a 'good Brexit' could boost pensioners' income, says industry expert
Incomes from annuities have been in the doldrums for the last 10 years and are still at historically low levels, writes pensions expert Billy Burrows of financial adviser Better Retirement.
However, there are signs that rates could finally start to increase in 2018 and their popularity grow once again.
Annuities used to be incredibly popular. After all if you don’t have a final salary pension, they are the only retirement products that guarantee an income for life, with no risk of running out of money.
If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.William Burrows
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