In the past 12 months the interest rate on gilts has been rising, resulting in higher annuity rates.

This, in part, was driven by the increased concern surrounding the UK’s ability to repay its debts and ensure the recovery of the economy following the "mini" Budget.

Given the big increase in annuity rates, an annuity as part of retirement strategy alongside drawdown is looking increasingly attractive. 

But with the nature of advice becoming increasingly holistic, advising on retirement income strategies requires a multi-layered approach.

The way in which to go about doing this will be explored in this report, worth 60 minutes of CPD.