annuity rates

What made financial headlines over the weekend?

Annuity rates are at their lowest level for almost two years, but the proportion of enhanced contracts sold is increasing, according to the latest IRESS At Retirement report.

Income levels from standard annuities have fallen to all-time low levels just three weeks after pensions freedom and choice was introduced, according to Moneyfacts research.

Demand for annuities climbed 10.5% in September despite tumbling rates, analysis from IRESS has found.

Royal London has launched an annuity shopping around service to assist customers looking to buy a guaranteed income for life at the best rates.

Retirees could be missing out on a collective £33m a year if they rely on online annuity brokers as many fail to offer the best possible rates, analysis Key Retirement Solutions (KRS) shows.

The after effects of the Bank of England's quantitative easing (QE) programme will continue to plague annuity rates for "many generations" to come, according to MGM Advantage.

How much do you remember from the week's news?

Retirement Planner's round up of the top pension stories this week.

ANNUITIES