Annuities in vogue with one million pre-retirees considering them

The consultancy's analysis of 2,000 UK pre-retirees - those in work aged 55 and over - in November last year found 16% are considering annuities due to improved rates against the backdrop of increased living costs. This is in addition to the 828,000 pre-retirees (14%) who had already decided to buy an annuity in retirement, according to data from the Office for National Statistics. The research found more than three quarters (78%) were drawn to annuities because of the stability of a guaranteed income, which made it easier to plan their finances, with 36% stating they were drawn...