P20f CJJFAX 204 Sat 4 Nov 22:5=/13 3 NI+ c5RIVALS OO Another quiet wei for ann ity ate , which iu only to bj expected at timer wuan giledyHilhs aco relativ ly sta l . (hj kmly significant movement this w ek has b n Sun if of Canada, who havu incr0ased thnix annuity rater. prm6ided F$-UJ 100 I*de< 7:ow2 2] 1n We have noticed a trend for more and mot people bu n index link d annumti s.v i s n Although this doij jim odd at a time when inflation qs low it underlines pjopla'l concond about futur: T If FT-eE 109 Ivdjx voeu show no sro{th, Rel,ction of Annuity Rat,, 270 Stocks U$ Panel Monjyfile AnnzitiesP20f CJJFAX 204 Sat 4 Nov 23:53/11 2/3 ANNUITY UPDATE In fact, index linKed annuities can bj thought of as the safest type of annuitu bjcausj the vbluj of the pknsion remains constant. It could bj argued that an; other type of annuity carries a level of risk. It is important that the uffect of inflation on a level pension or a pension with fixed escalation is fully understood. More and more people are opting for flexible pensions such as phased retirement or the pension drawdown facility. Selection of Annuity Rates 270 Arrivbls Stocks U$ Panel MonjyfileP20f CJJFAX 204 Sat 4 Nov 23:46/44 ] 3/3 ANNUITY UPDATE OIOOL It is, therefore, important that a benchmark is established to compare against. At the very least the benefits taken from the flexible option should bj no worse than the index linked annuity. Anzonj contemplating taking out such a scheme sho4ld bear this in mind. Selection of Annuity Rates 270 Aurj6als Stocks UT Panul Monj9fhle