Pru tops annuity rate tables

A 60 year-old male with a £100,000 annuity can expect a £6,759 yearly income from Prudential in the August tables, compared with last month's best rate of £6,667 from Legal and General. Smokers continue to benefit from the best rates of £7,918 a year from Reliance Mutual, up £89 on last month's figures. Peter Magliocco, associate regional director at the Annuity Bureau, says: "Whilst Pru are competitive within certain categories for conventional annuities based on age, fund size and annuity shape their overall objective is to make annuitants aware that improved life expectancy means t...