Annuity rates are rising - which is good news for retirees who are prepared to swap a lump sum for an income paid for life.

But the rates are still poor in comparison to other returns. Importantly, annuity returns are still, in many cases, less than the income you could hope to receive from a diversified investment fund. With the latter, with luck, you will end up retaining or even growing your original capital.

This is the headline from a very good article by Richard Dyson in the Telegraph.

The article uses some of my annuity data and goes on to look at some funds that may be considered in the cuttent low interest rate era

It is a really good read so click here to visit the Telegraph website