Annuity rates are still ‘bumping along the bottom', despite successive rises this year. Jenna Towler finds out if delaying that all-important purchase is worth the risk…
Average annuity rates increased by just short of 2.5% in the second quarter of 2013, and rates are up 5.6% since December 2012. So is the tide finally turning for retirees about to make their all-important annuity purchase? Unfortunately, according to providers, it would seem not. External factors are the crucial element when it comes to annuity rates - the biggest of which is the government gilt-buying programme, quantitative easing (QE). Average annuity rates now stand at about 5.3% - but when the first found of QE took place in March 2009 they were just shy of 7%. MGM Advantage ...
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