Annuity rates decline amid falling interest rates

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Annuity returns have dropped significantly during the last month, showing level annuity returns are coming under pressure, Alexander Forbes Annuity Bureau says.

The best level return, offered by Norwich Union, fell by £320 to £6440 per year. Income from index linked annuities also fell, with the best rate in April from Canada Life of £3880 per year being...

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