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Home | Annuity income drops 20% in three years |
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Annuity income drops 20% in three years
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- January 21, 2013
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In January 2010, the average annuity for a 65-year-old with a £50,000 pension pot would have paid an annual income of £3,495, according to MGM Advantage. Today, that same pension pot would generate an annual income of £2,786, a reduction of 20%, or over an average retirement of 20 years, £14,180 less. The provider’s research [...]
- Read more at:http://www.bankingtimes.co.uk/2013/01/21/annuity-income-drops-20-in-three-years/
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