Over-80s turn to annuities as rates climb

Increase in Annuity Purchases Among Over-80s Observed

A growing number of individuals aged over 80 are reportedly turning to annuities as interest rates climb, according to a report. The trend is highlighted by an uptick in the size of annuity purchases within this demographic.

Original Source: https://www.ft.com/content/12ea81a9-d806-4997-b0da-ddec093bbe20