Demand grows for annuities that bridge the gap before pensions begin

Summary

Financial firms are reporting growing demand in the UK for fixed-term annuities that provide income between stopping work and receiving a pension. The Guardian reports that these products can pay income for a set period, such as five or 10 years, followed by an agreed lump sum. It says retirement annuity sales have risen sharply in recent years and advisers are seeing renewed interest in the option.

Timeline

1. The Guardian

   17 Oct 2026, 06:00 UTCSource ↗

   The Guardian reports growing interest in fixed-term annuities, which provide income for a set period and an agreed lump sum at the end, as a way to bridge the gap before pension income begins.