Annuity rates surge again as market sees continued revival

The insurer's analysis found a healthy person investing £50,000 of pension cash into the top-paying single-life annuity would receive an annual income of £3,765 (at a rate of 7.5%) at age 65, £4,175 (at a rate of 8.35%) at age 70 and £4,284 (at a rate of 9.65%) at age 75.   Its analysis of the annuity rates - as at 4 March - based on a £50,000 purchase price for a single-life, level lifetime annuity with a five-year guarantee, showed retirees could access guaranteed income rates which hit 15-year highs and recorded a 70% increase compared to the annuity rates recorded in 2021.  Just G...