Annuity rates fall over the past three months

The latest figures from the MGM Annuity Index show that Annuity rates have fallen over the past three months. The average rates for Conventional Annuities fell by 0.18% in the three month period to June 2011; rates for Enhanced Annuities fell by 3.5% over the same time period. The Annuity Index was launched in June 2009 and since then Annuity rates have fallen six out of the seven times it has been updated. Inflation Recent rises in inflation coupled with falls in Annuity rates have meant that the “real” return on Annuities has fallen faster over the past few months than was previously the ...