The Sun on Sunday delves into annuities

05 May 2026

Written by Retirement Line

We’re used to reading about annuities in the specialist financial press. But now it’s the turn of the Sun on Sunday to weigh in on the appeal of annuities as a way to ‘set you up for retirement with limited stress’.

The paper’s feature on 3 May 2026 – titled ‘The lazy retiree’s guide to bank an income for LIFE & the tricks to never running out of money in your golden years’ – looked at how annuities are a way to turn your pension pot into guaranteed income.

Written by Adele Cooke, Senior Consumer Reporter, the article opened up with a summary of how annuities work:

“If you want to make your money stretch for your whole retirement, then a pension annuity could be perfect for you and with rates at their highest level in over a decade, experts suggest now could be a good time to get one.

“Annuities are products you can buy with your pension pot that give you a guaranteed income until you die. They can be a great option if you want security about your finances without the hassle of managing investments or checking pension statements.”

Today’s higher annuity rates mean more income

The article mentions the fact that annuity rates are much higher than they were a few years ago. That means that anyone buying an annuity today can lock in more income than was previously possible.

Retirement Line were asked to provide some information on this, and the article reads: “A 65-year-old who spends £100,000 on an annuity could currently get an average income of £7,945 a year, according to financial planner Retirement Line. Five years ago, the same retiree would have got just £4,750.”

Retirement Line’s Mark Ormston was then quoted: “Ongoing global tensions and volatile stock markets can put pension income in a vulnerable position to any sudden market dips. An annuity transfers that investment and longevity risk to the annuity provider, providing peace of mind that you will receive that level of income no matter what happens.”

Tips for getting more income

Adele’s article went on to give some tips on ways that you may be able to get more income from your annuity:

“All providers offer different annuity rates, so shop around to get the best deal.” This is something Retirement Line can help with, through our annuity quotes and information service.

“You may also get a larger payment if you have complex health issues or a shorter life expectancy, for example, because you had a heart attack.” This is because an enhanced annuity pays more income on account of certain health and lifestyle factors. 

“You could get the best of both worlds by mixing and matching your pension.“ This refers to the option of taking a ‘blended’ approach to turning your pension pot into income. It’s when you use some of your pension savings to buy an annuity for guaranteed income, and the rest to set up a drawdown plan for more flexibility, albeit with some investment risk.

Is it time for you to look at an annuity?

If you are considering turning your pension savings into an annuity for a guaranteed retirement income, our friendly team is here to help you. 

We compare quotes from all the top annuity providers on your behalf, to help you get the best annuity rate and the highest income for your retirement. 

Call us free on 0800 652 1316 or request a call back to talk to one of our Annuity Specialists.