Thursday, March 1, 2012

Current Annuity Rates

If you, or someone you know, has a pension maturing and they are in the market to buy an annuity then they should put a bit of effort into searching for the best rate currently available.

A quick survey today of the annuity rates available from the players in this market tells me that the best rate is 15.5%* higher than the lowest one. That adds up to a lot of money over the lifetime of the annuity payments.

(* Based on a joint life annuity for a male 65, female 60 incorporating a 5 year guarantee, level, payable monthly in advance with 2/3rds spouses pension.)

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