Annuity rates remain in 'free fall'

Jenna Towler
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Conventional annuity rates have dropped 7% since June and enhanced rates have fallen 5% in the same period, according to analysis from provider MGM Advantage.

The firm said these were the largest quarterly drops recorded by its Annuity Index since it started tracking rates in August 2009. Overall rates have dropped by 20% since August 2009, it added. ...

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