Budget 2013: Annuity incomes to fall on the back of more Quantitative Easing?

Falling profitsDespite small rises in Annuity rates over the past few weeks, yesterday’s Budget has dashed hopes that the trend will continue. Pension Annuity comparisons show that during February at least five Annuity providers have increased their rates, including a 3% rise from Aviva. However, gilt yields have dropped since their peak in the middle of February and there was more bad news yesterday, when in his fourth Budget, the Chancellor George Osborne, announced that the Bank ...