Annuity rates across the board have risen slightly over February, according to Alexander Forbes Annuity Bureau.
Its figures are based on a male annuitant aged 60 with a £100,000 pension pot.
Aviva had the best level rate in February, adding £20 to its annual rate of £6,170. Canada Life came second with £6,038, whilst Saga, despite raising its rate by £80 to £5,960, came third.
Aviva was also top for RPI linked annuities, lifting its rate by £10 to £3,590. Canada Life was second, having held its rate at £3,468, whilst Standard Life came third having held its rate at £3,332.
Meanwhile, smokers' rates have continued to rise, with LV= ahead of other providers offering £7,022, up £207 from January's rate. Reliance Mutual had second place with £6,721, and Aviva lifted its rate by £160 to come third with £6,460.
"It is good to see annuity rates continuing to rise, even by a small amount," says Gemma Goodman, head of operations at Alexander Forbes.
"However, proposed new EU equality legislation could have a huge downward impact on annuity rates as it would mean life insurers can no longer use a customer's sex to determine the cost of financial services despite the fact annuity rates are primarily built around mortality and statistically women are likely to live longer than men."
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception