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
nnuity rates are at rock bottom levels, but with Donald Trump's election likely to fuel inflation, many think rates could be about to improve.