P204 CJJFAX 204 Sun 3 Mar 20:45/30 1/2 ANNUITY UPDATE O At last our benchmark annuity has increased for the first time in three months. But it has only increased from 10.92% to 10.93). Last week Canada Life was the only company to increase its rates. Bond yields still continue to rise. The current redemption yield on a medium coupon gilt is 8.3), compared to 8.14% last week (8\% a year ago). Sport 300 TV Listings 600 Weather 400 BBC News 101 Mortgages 260 Annuity rates 270 Arrivbls Stocks UT Panel MonjyfiliP204 CJJFAX 204 Sun 3 Mar 20:44/25 2/2 ANNUITY UPDATE O The reason for increasing bond yields is complicated. But events in Japan and the US have had an impact. We expect interest rates to fall and consequently we expect bond yields to fall. In the short-term, though, bond yields may rise again slightly. Wj still think that annuity rates are offering good value at the moment. Weekend Sport 300 Weather 500 Annuity Rbtes 270 TV/Rbdio 600 Arrivbls Stocks UT Panel Monjyfile