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Annuity rate upturn in credit crunch gloom

23 May 2008

Research carried out by Investment Life & Pensions Moneyfacts shows that the sustained upturn in annuity rates may be one of the few rays of sunshine in a time of credit crunch gloom.

Although annuities faltered slightly during the first three months of 2008, average annuity rates have bounced back to stand just above those offered in December last year.

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