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....

Over 50? What are your biggest fears?

You might be forgiven for thinking that crime or health would be the greatest concerns for older generations but new research shows that there are more pressing concerns. Research by Saga has shown that inflation and the financial future of their children are the issues causing the UK’s 21 million over 50’s sleepless nights. Inflation The latest Saga Index, which tracks the standard of living, happiness and health of people over the age of 50, has found that older generations are worried about inflation. The survey of 10,000 people found that the average prediction for the rate of inflation was 5.2%, although some ...