Annuity rates increase

A slight increase in Annuity rates has been recorded. Figures for Annuity rates have gone up again following the slight rise in January. Annuity rates continued to improve between January and February, according to data revealed by Alexander Forbes Annuity Bureau. Figures show that for a 60-year-old man with a £100,000 pension pot, Aviva offered the best rate - a £20 increase to to its annual rate of £6,170 was recorded between the first two months of this year. The second best was Canada Life followed by Saga, which raised its rates by £80 to £5,960. Aviva and Canada Life ranked at the top for RPI linked Annuities and Standard Life came third.