According to FT Adviser These Are Currently The Best Annuity Providers
As of 06/02/2017
10-year gilt yields
value of 1.29%
The enhanced annuity market however is more complex as the rates are based on the age and medical history of the annuitant which emphasises the need to take independent financial advice on the open market option.
An annuity is still ideal for anyone requiring a secure income.
Potentially interest rates may start to rise, which could increase annuity rates thus a larger income.
|Standard non-guaranteed annuities|
|55 year old £50,000 pension fund|
|Best||Canada Life||£ 2,019.00|
|60 year old £50,000 pension fund|
|Best||Hodge Lifetime||£ 2,561.00|
|65 year old £50,000 pension fund|
|Best||Hodge Lifetime||£ 2,962.00|
|70 year old £50,000 pension fund|