Annuity rates fall in December; Further slump due in 2012

Further decreases to annuity rates are predicted for next year, Alexander Forbes Annuity Bureau said. As of 1 December, Aviva held the top male single life level annuity (age 60, £100,000 purchase) but had cut its rate from November by £130 to £5,590. Though Legal & General (L&G) increased its rate by £64 to £5,420, coming in at second place, Hodge Life held its rate at £5,390, remaining at third place. Canada Life cut its rate by £312 to £5,135, falling from second place to fourth in the league table. Inflation-linked annuities were largely unchanged, with Aviva holding its mal...