The case for and against buying an annuity
Here's a sentence you won't read very often: the annuity market witnessed a significant boom in the last tax year. Data from the FCA shows annuity sales rose by almost 40% in 2023/24, marking a sharp reversal in fortunes. Ever since pension freedoms were introduced in 2015, annuities have been shunned in favour of more flexible ways of drawing a pension.But rising interest rates have led to a sur