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Date: 18th December 2004
Service: CEEFAX
Region: East
Original Broadcast Channel: BBC2
Current Page: 204
Note:If this page has sub-pages, they will all appear in a line!
P204 CEEFAX 2 204 Sat 18 Dec 16:55/27 Wj $kj $kj 'k W What's new in the world of annuities? Just when we thought that annuity rates had reached the low point for the year, two companies cut their rates. Prudential and Legal & General both reduced rates last week. The cuts are in line with the continuedfall in gilt yields. The benchmark 10 year gilt is yielding 4.5% compared to 5.25% in the summer. 1/3 Headlinesi200amburroCommodities 246 Savingses 250 AnFront pages 100MoneyProg Travel Annuities Main Menu
P204 CEEFAX 2 204 Sat 18 Dec 16:52/47Wj£3kj£3kj£3k Wj $kj $kj 'k WU What's new in the world of annuities? This is a significant fall and translates into at least a 7.5% fall in rates. This means that someone with £100,000 to invest in an annuity will now get about £450 a year liss than if the annuity had bjen bought in August. It is too early to predict what will happen next year, but investors lookingto buy annuities will be hoping for an early increase in rates next year. 2/3 Headlinesi200amburroCommodities 246 Savingses 250 AnFront pages 100MonjyProg Travel Annuities Main Menu
P204 CEEFAX 2 204 Sat 18 Dec 16:57/01 Wj $kj $kj 'k WW"£££"£££"£££ What's new in the world of annuities? The fate of annuities lies not only with gilt and bond yields but also with predictions about life expectancy. Low yields and longer life expectancy are not good news. 3/3 Headlinesi200amburroCommodities 246 Savingses 250 AnFront pages 100MoneyProg Travel Annuities Main Menu