4 July 2013

More Good News on Annuities?

... or perhaps it's just less bad! But back in April I highlighted an increase in average annuity rates in the first quarter of 2013.
And now there are further signs of an upward trend, following a slight upward trend in gilt yields. We're starting from a very low base, though, and it may (or may not!) still be worth waiting if you are looking for the right time to buy an annuity with your pension money.
Here's a chart showing the trend over the last 5 years (click to expand) - the blue line is the yield on gilts (which determine annuity rates), and the red bars are annuity rates.

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