
After years out in the cold, annuities are back: UK rates hit 18-year highs in 2026, letting a healthy 65-year-old turn a £100,000 pension into around £7,800 of guaranteed income for life. But an annuity is a permanent decision with real trade-offs against drawdown. Here is how annuities work in 2026, the types that matter,…

UK government debt interest hit a record £11.7bn in May 2026, up about 54% on a year earlier. Here is what record debt interest and 26-year-high gilt yields mean for your savings, annuity, bond funds and mortgage.
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