Canada Life's annuity quote activity up 20% as rates rise

A benchmark annuity will now provide an extra £36,220 income over a 20-year period

clock • 2 min read
Canada Life's annuity quote activity up 20% as rates rise

Canada Life has seen quotes for annuities increase by a quarter this year from 2021 as it announces a further improvement to its annuity rates.

This the 16th time this year that the firm has raised annuity rates, driven by increases in the base interest rate and gilts yields over the course of 2022, with rates up around 40% this year. I...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Paul Maynard – Divining Andy Burnham's position on pensions

Paul Maynard – Divining Andy Burnham's position on pensions

The former pensions minister looks at the forces shaping government policy on pensions

Paul Maynard
clock 02 September 2026 • 5 min read
PMI launches evidence-based qualification for pension administrators

PMI launches evidence-based qualification for pension administrators

Level five qualification will recognise ‘vital importance’ of administration profession

Holly Roach
clock 01 September 2026 • 2 min read
Buzz: Does the professional trustee role need to evolve?

Buzz: Does the professional trustee role need to evolve?

Professional trustee role, awareness of IHT change burden, future of state pension, DB surplus regime

Professional Pensions
clock 01 September 2026 • 1 min read
Trustpilot