Business · 2 August 2026

Annuity rates reach 18-year high to expand retirement pots for pensioners

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.

By BriefTea Editorial · 2 August 2026 at 5:25

Reported by AOL.co.uk · How we write briefs

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