The FTSE UK Level Annuity Index Series is a set of benchmarks designed to allow users to compare changes in the value of a pre-retirement fund with changes in annuity prices. Annuity rates differ depending on individual circumstances, and the series reflects this with multiple indexes representing a range of retirement profiles, creating a suitable comparison to assess fund performance. The index series will be calculated daily, using the average of the three highest annuity rates for different retirement profiles: Early, Standard and Late.
Index rules should be read in conjunction with supportingFTSE Russell noticesThese notices advise of advance changes in index methodology, which may not be reflected in index rules until the change effective date. The notices may also communicate revisions in index treatment in the period up to a rule change.