Blow for retirees as annuity income set for biggest falls since 2014
Blow for retirees as annuity income set for biggest falls since 2014
Annuity rates looks set to plummet to record lows following significant falls in quarter two of this year, according to Moneyfacts
Rachel Lacey
Wed, 07/24/2019 – 10:03Image
During the period (April to June) the average income paid out on a standard annuity worth £10,000 for a healthy 65- year old fell by 4.1%,…