Annuity rates have fallen to record lows over the past few weeks leaving pension savers potentially worse off in their retirement.
The Investment Sense benchmark Annuity (Male aged 65, female aged 62, £100,000 non protected rights, level, no guarantee, 50% spouse’s pension payable monthly in arrears) has fallen by over 6% since the middle of the summer and the indications are that we may be in for further reductions in the months and weeks to come.
Using a pension Annuity calculator will help you see exactly what Annuity rate you could get right now for your specific circumstances.
Falling gilt yields
The trend ...