Annuity rates rise towards 6pc again

Annuity rates have risen for the first time in almost a year, according to figures from the Annuity Bureau.

Figures in February showed a 3pc increase in Aviva's level annuity rate, while the other four leading providers of annuities also raised their rates. A 65-year-old with a pension pot of £100,000 would now get an annual income of £5,905 from their annuity.

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