Interest rate cut means now is 'worst time ever' to retire

Annuity rates already at record lows

Jenna Towler
clock • 2 min read

The Bank of England's decision to cut interest rates means now is probably the "worst time ever" to make a retirement income decision and people looking to buy an annuity should consider deferring, according to Aegon.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK economy shrinks 0.1% in April as Iran conflict starts to bite

UK economy shrinks 0.1% in April as Iran conflict starts to bite

Reeves: Plan 'the right one'

clock 12 June 2026 • 3 min read
Two-thirds of firms expect profits to be hit amid energy shock

Two-thirds of firms expect profits to be hit amid energy shock

BoE Decision Maker Panel survey

clock 05 June 2026 • 1 min read
ECB rings alarm over financial stability threats from Middle East conflict

ECB rings alarm over financial stability threats from Middle East conflict

Financial Stability Review

Cristian Angeloni
clock 27 May 2026 • 1 min read
Trustpilot