Bulk buys will drive down annuity rates

York, Nicola
July 2009
Money Marketing;7/9/2009, p7
The article reports on the impact of bulk buyout deals on the annuity rates in Great Britain in 2009. Pension consultant Ros Altmann expressed his concern for the annuity market because of the growing demand for final-salary scheme that will likely to threaten the market rate of annuity. She explained that bulk buying of deals means lower annuity rates resulting into weak financial performance of annuity providers.


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