“Annuity rates have reached 7.75 per cent [for over 65s], the highest rates since August 2008, underlining just how much the retirement income landscape has shifted in recent years.”
“The payback period for a £100,000 annuity purchase with a rate of around five per cent in 2020 would have taken around 20 years to repay. However, with today's rates closer to 7.75 per cent, that fal…”
