Annuities can offer guaranteed income, but they're not for everyone. Here's who should (and shouldn't) buy now.

Make sure you understand the guidelines on fees, timing and product selection before committing to an annuity now.

The Cannex numbers show a spread of $95.82 a month between the high and low annuity rates for a 65-year-old male – a maximum of $566.63 and a low end of $470.81.

Annuity rates tend to rise – and fall – in line with interest rates and gilts. This has benefited retirees taking out annuities over the past couple of years as rates rose to 5.25pc since the ...

For example, if you spent £100,000 on an annuity and the rate was 2pc, you would receive £2,000 a year. If it was 5pc, you would receive £5,000 a year.

If $100,000 were used to buy an annuity today, a top annual payout for a 65-year-old male would be $6,938, up 3 per cent from last month. For a 65-year-old woman, the annual payout has risen 3.8 ...

Annuity rates are competitive now amid an overall elevated rate climate. Some providers are currently offering immediate annuity rates above 7% for a 65-year-old, compared to the 4% to 5% range ...

Annuities are often complicated, with confusing fee structures, but certain ones can make sense for a portion of your retirement portfolio.

Learn how to build a DIY annuity using bonds, dividend-paying stocks, and other income-generating investments. Avoid high ...