Retirement: Annuity rates drop in June, how low will they go?

Retirement: Annuity rates drop in June, how low will they go?Our research has shown that Annuity rates have dropped for a third month in a row. Last month our benchmark Annuity rate dropped by a further 1%, on top of a sharp fall in May of over 3.5%. For the second month in a row Legal & General are the most competitive provider, with Aegon propping up the table, offering the lowest Annuity rate, down nearly 6% on the month before...

Today’s retirees 60% worse off than 20 years ago as Annuity rates drop further

New figures have shown that falling gilt yields mean retirees are around 60% worse off than if they had retired 20 years ago. Gilts & Annuities Insurers use gilts to back Annuity products, the lower gilt rates we have seen over the past few years and particularly over the past few months will lead to lower incomes in retirement for many. Falling Annuity rates July: £6,212 August: £5,852 September: £5,802 October: £5,675 November £5,577 Based on ...

Annuity rates fall to new low

Annuity rates have fallen to record lows over the past few weeks leaving pension savers potentially worse off in their retirement. The Investment Sense benchmark Annuity (Male aged 65, female aged 62, £100,000 non protected rights, level, no guarantee, 50% spouse’s pension payable monthly in arrears) has fallen by over 6% since the middle of the summer and the indications are that we may be in for further reductions in the months and weeks to come. Using a pension Annuity calculator will help you see exactly what Annuity rate you could get right now for your specific circumstances. Falling gilt yields The trend ...