Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.

Nearly one in four people expect to become millionaires in their lifetimes, according to new research.

Hargreaves Lansdown’s new CEO Dan Olley will start work on Monday 7 August, the company said today.

Annuities have hit their highest level since December, according to new data.