Retirement income: Is the annuity making a comeback?

There was a time when 90% of retiring investors bought an annuity with their pension pot, before the pension freedoms ushered in a new era of individual retirement responsibility in 2015. The result hasn't been a cavalcade of Lamborghinis hitting the streets of Eastbourne, but rather most people now choose to invest their pension or simply withdraw it as a lump sum, with only 10% buying an annuity. But do higher interest rates mean all that is about to change? As a result of rising bond yields, annuity rates have increased by around 20% this year. Based on a £100,000 pension pot, a 65...