A £100,000 pension pot can now secure a significantly higher retirement income through annuities compared to recent years. Sales soared by nearly 39 per cent in 2023/24, with 82,061 annuities sold compared to 59,163 in the previous year. Annuities, which provide a guaranteed income for life, have seen a resurgence in popularity. However, retirees are advised to act swiftly, as these rates may decline in the coming months when the Bank of England is expected to cut interest rates. A 65-year-old with a £100,000 pension pot can currently obtain up to £7,146 per year from a single life level annui…