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Evening Standard

Vicky Shaw

Pensioners looking for retirement annuity ‘could see rates boosted’

Rachel Springall ABI the Association of British Insurers

The total value of premiums paid into individual pension annuities grew by 4% annually to reach £7.4 billion in 2025, the Association of British Insurers said previously (Yui Mok/PA) - (PA Archive)

Unrest in the financial markets could provide a silver lining for pension savers, with the potential for annuity rates to rise in the weeks ahead, according to a financial information website.

Annuities allow people to convert pension savings into a guaranteed fixed income when they retire, giving people certainty over the amount of money they will have to live on.

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