Annuity rates; are they good or bad ?
An often asked question is: is now the right time to purchase your annuity ? Are annuity rates right at the moment; is waiting and delaying your annuity purchase going to be good or bad for you ? Can the annuity quote you got last month, for example, be improved upon ?
It is true that over the years annuity rates have not been so good, but the good news is that it is being reported that there have been 16 annuity rate rises in the past five weeks alone. Probably because insurance companies are fighting for market share. They are having a lean year in other areas of business and are seeking to boost their new business figures, and that is good news for the annuity buyer.
So, now may well be an opportune time to buy. Whether the current trend we are witnessing will last is another matter. However, one thing to point out…don’t count on the trend continuing ! If you are looking to set up your annuity now could be a good time, and we at www.rightannuity.co.uk do have access to all the best rates from all providers, and are therefore in a very good position to help you secure the best possible retirement income.
