Level annuity rates holding steady

Jenna Towler
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Level annuity rates are holding steady in July with several firms vying for top of the table, Alexander Forbes Annuity Bureau says.

The top male rate from Aviva was unchanged at £6450 for a male, aged 60 with a £100,000 purchase. Meanwhile Aegon Scottish Equitable upped its female rates by £88 per annum to £6108 for a 60-year-old female making a £100,000 purchase - grabbing top slot from last month's number one Aviva by just £8 per annum. However, the best index linked annuities slipped in July with last month's leader Canada Life cutting its rate by £74 per annum to £3695 (male, aged 60, £100,000 purchase) demoting it to fourth place on the table. Aviva gained the top position with its best rate of £3740 (male, aged...

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