Annuitants see retirement income slashed 30%

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UK - Equitable Life pensioners were drawn into investing in the firm's with-profits annuities by promises the insurer could not meet, a new report claims.

Research by Equitable Life Trapped Annuitants shows that some pensioners involved have seen their annuities slashed by nearly 30% – far more than the 20% the company claimed when it announced the c...

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