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

Industry sustainability groups commit to closer collaboration

Industry sustainability groups commit to closer collaboration

TSWG and ICSWG say co-operation could lead to more ‘practical’ and ‘impactful’ action

Martin Richmond
clock 19 June 2026 • 2 min read
What Andy Burnham as prime minister could mean for pensions

What Andy Burnham as prime minister could mean for pensions

A new Labour leader would result in a cabinet reshuffle and a possible new pensions minister

Holly Roach
clock 19 June 2026 • 2 min read
Sackers launches ESG hub in response to 'complexity' of developments

Sackers launches ESG hub in response to 'complexity' of developments

Covers climate-related disclosures, stewardship, TNFD and ESG regulation

Holly Roach
clock 19 June 2026 • 1 min read
Trustpilot