Annuity rate increase

Posted on December 8th, 2010 | Categories - Retirement

As part of a recent trend Liverpool Victoria are the latest Annuity provider to increase their Enhanced Annuity rates. The change will take place from 8th December 2010 and is possible due to the improving yields available in the fixed-interest investment markets.

Whilst the exact amount of the increase depends on the product and term, it is approximately 2% for Enhanced Annuities which may not sound significant but any increase to rates should be welcomed. It remains to be seen how other Annuity providers will react to this change.