In detail:Interest rate cut and you
Backwards step for pensions

Increasing numbers of pension savers are required to use most of their pension savings to buy an annuity an income for life.

They will not welcome the rate cut, annuity rates are closely linked to interest rate movements.

People buying an annuity today have a long way to go to match the returns on offer a decade ago.

Click below for more images
1 2 3 4 5
NEXT