US EditionAnnuity Rates Surge Above 7.7% - Highest Point of the Decade - IFA Magazine
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Annuity rates surge above 7.7% - highest point of the decade - IFA Magazine
Annuity rates rebounded from their lowest levels, previously seen in 2020, and have reached 7.72% for a healthy 65-year-old, according to the Standard Life Annuity Rates Tracker. This marks a significant recovery from July 2020 when rates were just 4.71%, reflecting a 64% increase. This also marks a significant improvement from May last year, when the average annuity rate stood at approximately 7.00, a 10.2% improvement. This means that a 65-ye…
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