Today’s retirees 60% worse off than 20 years ago as Annuity rates drop further

New figures have shown that falling gilt yields mean retirees are around 60% worse off than if they had retired 20 years ago. Gilts & Annuities Insurers use gilts to back Annuity products, the lower gilt rates we have seen over the past few years and particularly over the past few months will lead to lower incomes in retirement for many. Falling Annuity rates July: £6,212 August: £5,852 September: £5,802 October: £5,675 November £5,577 Based on ...