What’s the point of an annuity—and are they worth it in 2025? With interest rates rising, they’ve been making a comeback as a retirement income option. Mark Ormston from Retirement Line, one of the UK’s leading annuity brokers, explains how annuities work, what returns you can expect (can you really get 7% for life right now?) and whether they make sense for your pension strategy. ✖️ Check out this annuities calculator Mark gave us to see what you can get ⁠⁠https://makingmoney.email/annuities-calculator-video 🎉 Sponsors Vanta - Get your company secure and compliant, with $1k off: https://www.vanta.com/makingmoney Tide - Get up to 4.22% AER (variable) on your business savings. Use the ⁠code 'MAKINGMONEY' or the link: https://www.tide.co/offers/makingmoney/ You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠https://tide.co/savings⁠ for full terms and conditions. – If you purchase a product or service using one of the links above (including Retirement Line), we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 – Annuity Returns Explained 05:00 – Lifestyle & Your Income 12:05 – Using Part of Your Pension 17:49 – Tide Ad 18:49 – What Happens When You Die? 22:48 – Retire Early with Annuities 28:16 – If Your Provider Goes Bust 30:46 – Annuity Fees & Costs 35:01 – Vanta Ad 35:58 – Do You Need a Broker? 42:07 – Why Annuities Got a Bad Rap 45:51 – Are Pensions Changing in 2025? 50:00 – What Affects Your Annuity Rate? 54:24 – Who's Buying Annuities Today? 01:00:11 – Got More Annuity Questions?