Annuities: Annuity rates fall to lowest level for years

Annuity rates fall to lowest level for yearsA new survey has confirmed what many people who retired in 2012 probably already knew, that Annuity rates have fallen to alarmingly low levels, however, there is some good news for women coming up to retirement. According to Moneyfacts, the financial information provider, the Annuity rate for a 65 year old man plummeted by 11.5% in 2012, the largest drop since 1998 and a massive blow to would-be retirees, who have already had to cope ...