Business · 2 August 2026
Annuity rates reach 18-year high to expand retirement pots for pensioners
Photo: House of Commons (CC BY 3.0)
Annuity payouts reached 7.75% in July, marking the strongest returns seen in 18 years across the market. Financial services company Standard Life noted that the increase raises expected lifetime payouts by over £2,000 for a 65-year-old with a standard pension pot. The rise occurs as Prime Minister Andy Burnham begins his first month in office.
Reported by AOL.co.uk · How we write briefs