Annuity rates failed to recover from their continued poor performance last month, according to Alexander Forbes Annuity Bureau.
Its figures for October have revealed single life annuities have continued to struggle while smokers and inflation-linked markets have taken a knock after a period of relative stability. The rates offered by the top four providers currently stand at: Single life Aviva £5,160 Legal & General (L&G) £4,871.28 Canada Life £4,781.28 Hodge Life £4,767 Inflation-linked Standard Life £2,914.80 Aviva £2,850 L&G £2,726.76 Canada Life £2,726.76 Smokers Canada Life £6,099 Aviva £6,060 L&G £5,841.24 LV= £5,718.42 Reliance Mutual exited the top four provide...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
