Annuity rates have declined by 29% since the introduction of the Bank of England's quantitative easing programme, AXA Life Europe has found.
A saver who used their pension to buy an annuity in the second quarter of 2009 would have been offered an annual income of £5,040 from a pension pot of £100,000. After £375bn of quantitative eas...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
