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Annuity rate

Hi can anyone tell me what affects annuity rates thanks.

Comments

  • molerat
    molerat Posts: 33,535 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 23 June 2022 am30 11:03AM
    Personal rates or general economic factors affecting rates ?

  • Linton
    Linton Posts: 17,935 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Long term interest rates
    Age
    Health
    Any personal details that the pension company may wish to know other than those which are legally protected.  Postcode is an example.
    How much the pension company really wants your business
    Any deals your advisor may be able to arrange

    And of course the details of the annuity.
  • Apart from personal details, Interest Rates and the 15-year Gilt rates are supposed to have a direct effect, As both are forecast, (possibly/probably),  to rise, hopefully, annuity rates might follow. They do seem to be quite good at the moment though.
  • dunstonh
    dunstonh Posts: 118,591 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    2022 thread revival
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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