Annuities

Made to meet the ‘increasing desire’ for guaranteed income in retirement

Rate rises mean people can secure a higher retirement income

The firm's half-year results found that sales of annuities surged by 100%

When compared to annuity and drawdown options

The best-worst annuity gap is 16% at age 75, higher than other age groups

This highlights a ‘huge' problem likely to be costing retirees thousands

The FCA has tightened transfer rules significantly in recent years

Professional Adviser draws views from advice firms on ‘hot’ annuities market

Analysis finds gap could leave retirees potentially £500 a year worse off

Extended guaranteed income referral deals for five-year terms