Annuity rates rise – for some!

by Richard Allum on 15 May 2008

Some joy for those approaching retirement amid the doom and gloom that is appearing elsewhere – annuity rates rose 4%  last month according to an article in Financial Adviser.  However, it is not all good news as rates for smokers and those seeking RPI linking remained stable.

The article states that the best rates for level annuities are from Norwich Union with Legal & General most competitive for RPI annuities.  Reliance Mutual provided the best terms for smokers.

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