Pensions: QE affecting Annuity rates, government should do more to help

A committee of influential MPs has said that the government should be doing more to help retirees affected by falls in Annuity rates due to the Bank of England’s policy of Quantitative Easing (QE). Falling Annuity rates Reporting back on the recent Budget, the Treasury Committee said that QE was causing Annuity rates to fall and that “lax monetary policy” was “particularly penalising savers.” Any pension Annuity calculator will show how far Annuity rates have fallen in recent months, caused in no small part by falling gilt yields, which are one of the side effects of the Bank of ...