Annuity rise

Retirement annuity rates have seen a jump since reaching a low point two years ago, research has found. Hargreaves Lansdown said annuity rates tumbled following the Brexit vote in summer 2016, bottoming out in September that year.

But it found annuity rates for 65-year-olds have seen a 19% jump since hitting their 2016 low point. Annuities give people a fixed income in retirement.