Ask ERIC
How is ERIC doing?
Educational modelling only. ERIC explains CMP model output from your entered settings.
Not financial advice, a suitability assessment or a personal recommendation.
Ask ERIC
Use this tool to calibrate the parameters used by the annuity rate calculator. You can get quotes at the Money Helper website. Input the annual annuities quoted and then adjust the calibration parameters to make the graphs line up as close as possible.
You need four annuity quotes:
Age 65 for £100,000
Age 65 for £500,000
Age 75 for £100,000
Age 75 for £500,000
The annuities should be:
Single Life (no spouse's pension)
Annual in Advance
Level (not inflation linked)
No Guarantee Period
Modelled annuity vs quotes
Find the value of the current 20-year gilt yield and input the value here. The quickest way is to ask an AI, (not ERIC).
Then adjust the parameters below to align the annuity calculator results with the quotes. Try to make the corresponding lines on the graph line up as close as possible for ages 65 and 75.
