Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.
Seven Investment Management has bolted on a tailored drawdown option for its SIPP designed to give better control of tax liabilities and income.
New figures from the Office of National Statistics have revealed that retired households saw a bigger jump in disposable income than their non-retired counterparts.
Most people underestimate how much they need to save for retirement, according to a new study by Seven Investment Management (7IM).
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