Annuity rates 5pc higher than October last year

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Annuities have been unaffected by the global meltdown of the financial markets with some providers slightly lifting level rates, Alexander Forbes says.

The top level rate from Norwich Union rose by £60 to £7100, making up some of its rate cut of £110 last month, and Canada Life improved its level rate by £73 to £7071. Alexander Forbes director Da...

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