Annuity rates rise after gilt yield bounce

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...