'Annuity is an option everyone should consider', say IFAs

A 52% increase in average annuity rates this year has pushed them to a 14-year high, according to recent research from Canada Life, leading advisers to recommend it as increasingly favourable option. Public relations platform Newspage surveyed a range of IFAs asking their opinions on annuities as part of retirement income strategies in light of soaring rates. "Annuities provide a guaranteed income for life, which removes the uncertainty of whether a drawdown pension will last throughout retirement," said Page Kirk Financial Services partner and chartered financial planner Fabian Taylo...