Annuity Rates 2024 Uk 2024. Insurance groups sold £3.6bn of individual annuities in the first half of 2024, according to the association of british insurers, a rise of more than 50 per cent on the. As at july 2024 our latest annuity rate is 6.46%, significantly higher than the 5.66% we saw in july 2022.
All figures are correct as of april 2024. Funding ratios on corporate pension schemes have improved with rising rates prompting a surge in bulk annuity transfers, mainly in the uk and the us.