Annuities could get boost from interest rate rise - Hargreaves

Annuity rates hit two-year high

clock • 2 min read
"If the Bank of England chooses to raise interest rates this could give annuities a much-needed further boost towards the end of the year," said Helen Morrisey, senior pension and retirement analyst at Hargreave Lansdown.
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"If the Bank of England chooses to raise interest rates this could give annuities a much-needed further boost towards the end of the year," said Helen Morrisey, senior pension and retirement analyst at Hargreave Lansdown.

The Bank of England will meet to discuss interest rates tomorrow (Nov 4) with any potantial increase resulting in more attractive annuity rates.

If interest rates rise, annuity rates could rise further and make them more attractive to current retirees, Hargreaves Lansdown said. Pension savers could also be affected as rates for those transferring...

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