With the predicted rise in inflation in 2017 it is likely that interest rates & gilt yields will also start / continue to rise.  This will be good news for those considering buying an annuity with their pension savings.

Buying a conventional annuity is not the only option to provide income in retirement. Other options include, fixed term annuities and income drawdown as well withdrawals from non pension investments.

A financial planner is best placed to discuss the relevant options for your specific circumstances and needs