Alexander Forbes: annuity rates unaffected by credit squeeze

In fact, some providers have raised rates slightly, with the top level rate from Norwich Union having risen by £60 to £7,100, reversing some of the £110 decline seen a month ago. Canada Life has also raised its level rate by £73 to £7,071. David Marlow, director, Alexander Forbes Annuity Bureau, said: "With economic doom and gloom in the headlines, it's good to be able to report some good financial news. Following rate cuts last month, we've again seen a few small increases in level annuity rates as we enter October, putting level rates some five per cent higher than they were in Octobe...