Rates not reason to delay annuity, says Chartwell

So says Chartwell Investment Management, pointing to recent examples of how this would work in practice. For example, a male aged 65 with a fund of £50,000 after tax free cash has been taken could have secured a gross annual annuity income with Pru of £3,747.12 on 25 March this year, Chartwell says. Three months later, the same person would have secured gross annual income of £3748.44. However, the opportunity cost of securing that additional £1.32 per annum was £312.26 per each of the three months in which annuity income was not taken, or a total of £935.46. ”Taking benefits at...