Bureau urges annuity purchasers to act now

investors advised to take advantage of best gilt yields for two years

The Annuity Bureau is urging anyone considering annuity purchase to move now and take advantage of the highest gilt yields for two years. According to the Annuity Bureau, it means a person with a £100,000 pension pot could enjoy an income that is several hundred pounds higher per year than was available a year ago, in line with increasing gilt and corporate bond yields. Five- to 15-year gilt yields are currently at about 5.07%, after hitting a low of 3.91% in November last year. Recent increases are partly due to improving data coming from the US non-farm payroll figures, job and retail ...