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FT Blow for pensioners

Blow for pensioners as bond market rally hits annuities - Financial Times - Josephine Cumbo, Pensions Correspondent September 5 2019

Since the beginning of the year, annuity rates — what is offered by insurers to turn a pot of pension cash into a secure retirement income — have fallen by 15 per cent. This means pensioners are getting a lot less from their savings.In practical terms, a £100,000 pension pot now buys a 65-year-old a yearly income of £4,654 or £759 less than at the start of the year

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