Three things we learned this week

Delaying annuity purchase ‘not worthwhile' as rates unlikely to rise Retirees who delay buying an annuity for two years in the hope of rate rises are unlikely to ever recoup the money they would ‘lose out' on, a provider has warned. MGM Advantage said gilt yields and annuity rates would remain low for the foreseeable future and delaying buying an annuity by two years could see retirees miss out on thousands. It said a 65-year-old man with a £100,000 pot could buy a yearly income of £5,901 today. A 67-year-old man with the same pension could get a better income of £6,165. To read ...