Level annuity rates have edged downwards, suggesting that the annuity market has reached the end of its long bull run and reverted to the longer-term trend of falling rates, according to Alexander Forbes Annuity Bureau.
The top level rate from Norwich Union has dipped by £110 to £7,040 p.a. (male 60, level escalation, £100k purchase). While Legal & General has held its rates, the three remaining top five providers have...
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