Annuities: Rates rise sharply in 2013

iStock_000016674106XSmallNew research has shown that Annuity rates rose sharply in 2013, bucking the downward trend of previous years and giving hope that future retirees will get a better deal when they finish work. Around 400,000 people each year use an Annuity to turn their pension pot into a guaranteed income for life. Over recent years, Annuity rates have dropped significantly, reducing retirement incomes for many....