Billy Burrows

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Billy Burrows: Annuity update

There has been little change to annuity rates since the last update and this reflects the flat line trend for gilt yields at the moment. The benchmark 15-year gilt yield has remained just under 2 per cent so far in April. Unless yields increase, annuity rates will remain at present levels. In my recent paper […]

Billy Burrows: The invisible force

According to a business associate of mine (and someone considering his own retirement options) “the sands have shifted since the pensions freedoms were announced”. Now they are here, he believes most rational people will work out the cash option is not that attractive considering the tax implications and the problem of where to reinvest it. […]

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Billy Burrows: Annuity update

Last month I warned “it may get worse before it gets better” and I am pleased to report annuity rates have indeed got better. The 15-year benchmark gilt yield has risen from 1.76 per cent in February to a more respectable 2.2 per cent in the middle of March. This means the severe cuts in […]