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

Buzz: Do we need a ten-day 'Pension Switch Guarantee'?

Buzz: Do we need a ten-day 'Pension Switch Guarantee'?

‘Pension Switch Guarantee’, administration standards and DB surplus sharing

Professional Pensions
clock 16 February 2026 • 1 min read
Canada Life writes £800m of bulk purchase annuities in Q4 2025

Canada Life writes £800m of bulk purchase annuities in Q4 2025

Insurer’s full-year results show its assets under management were over £39bn

Martin Richmond
clock 16 February 2026 • 2 min read
News Digest: Capita 'not given whole picture' of Civil Service Pension Scheme backlog, MPs told

News Digest: Capita 'not given whole picture' of Civil Service Pension Scheme backlog, MPs told

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 16 February 2026 • 1 min read
Trustpilot