Retiring soon? How will Quantitative Easing affect your Annuity rate?

Whether we all understand the complexities of the Bank of England’s Quantitative Easing (QE) program or indeed the long term effects it will have the economic recovery and inflation, one thing seems beyond debate, it is reducing Annuity rates. According to Saga QE has permanently reduced the incomes of one million retirees due to lower Annuity rates. Other figures show that since QE was first introduced in March 2009 Annuity rates have fallen by around 25%; you can check the Annuity rate applicable to you by using our online pension Annuity calculator....