Delaying annuity purchase sees average £2,800 loss - provider

Key Retirement Solutions said delaying buying an annuity results in an average of £2,840 in lost income. It said pensioners would have to live another 36 years to make the money back. It said pension should be aware of the potential downsides of delaying purchase alongside the potential benefits of delaying. The business explained annuity rates have edged up recently on rises in gilt yields sparking hopes of a sustained rise in rates. But with gilt yields remaining low for annuity rates are unlikely to move from all-time lows. Analysis by Key Retirement Solutions shows a 65-year-ol...