Unless you have a pension.
http://news.bbc.co.uk/1/hi/business/7932269.stm
Annuities for people retiring in the UK will plunge in value after the injection of £75bn into the economy by the Bank of England, experts say.
Insurance companies pay out annuities - a regular income from a retiree's pension pot - based on the yields made from government bonds or gilts.
These yields have dipped dramatically after the Bank said on Thursday it was creating £75bn to buy these gilts.
A £100,000 pension pot can now fetch an annuity of up to £6,488 a year.
http://news.bbc.co.uk/1/hi/business/7932269.stm
Annuities for people retiring in the UK will plunge in value after the injection of £75bn into the economy by the Bank of England, experts say.
Insurance companies pay out annuities - a regular income from a retiree's pension pot - based on the yields made from government bonds or gilts.
These yields have dipped dramatically after the Bank said on Thursday it was creating £75bn to buy these gilts.
A £100,000 pension pot can now fetch an annuity of up to £6,488 a year.
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