Annuity rates rise after gilt yield bounce

Jenna Towler
clock •

Annuity providers marginally increased single life annuity rates this month following the rise in gilt yields to just under 3%, figures have shown.

Statistics from Alexander Forbes Annuity Bureau showed Aviva, Canada Life, Hodge Life and Prudential all increased rates this month. L&G was the only provider to maintain rates at £5,338.20. Canada Life upped rates by £51.96 to £5,393.52, closely followed by Hodge Life who jumped from fourth to third position by increasing rates £40 to £5,341. Top place Aviva increased rates by £20 to £5,540. (All figures based on male, aged 60, level, £100,000 purchase). Alexander Forbes Annuity Bureau head Gemma Goodman said: "April saw the first uplift in annuity rates for some time as gilt yiel...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

The problem with decumulation isn't withdrawal rates - it's platform plumbing

The problem with decumulation isn't withdrawal rates - it's platform plumbing

'It's time to think differently about sequencing risk'

Hugh Cutler
clock 08 October 2026 • 4 min read
Annuity rates reach 18-year high of 7.75% in July

Annuity rates reach 18-year high of 7.75% in July

Up from 7.66% in April

Sophia Panayi
clock 30 July 2026 • 2 min read
Enhanced annuities: Turning health realities into better retirement outcomes

Enhanced annuities: Turning health realities into better retirement outcomes

'Retirement planning is not about choosing one solution over another but finding the right balance between them'

Mike Batty
clock 20 July 2026 • 3 min read