Pension reductions could make NPSS inadequate

According to the firm, these lower returns mean 20 years worth of pension savings are actually worth less than half of what it would have been 10 years ago, while annuity rates - used to convert pension pots into income - have also fallen by almost 50% over the same period Watson Wyatt claims when these two cuts in pension provision are combined, resulting income is down by 78% on savings of identical amounts between 1996 and 2006. The research shows an average 20-year with-profits maturity value at £200 a month in 1996 was worth £287,413, but just 10 years later the sum has fallen to ju...