Annuity rates fall for a fourth year in a row

New research has shown that Annuity rates fell in 2011, the fourth consecutive year that a fall has been recorded. The figures, produced by the financial information firm Moneyfacts, show that for a 65 year old male, buying a standard Annuity where the income will remain level, the Annuity rate dropped by 8.4% in 2011. The fall was slightly less for a female, at 7.7%. Thinking of retiring or buying an Annuity?...