Volatile markets slashing DC pension pots - Aon

The outsourcing arm of Aon said younger people have been hit particularly hard from the toxic combination of higher annuity rates and tough economic conditions. According to its index tracker - which shows projected retirement income for individuals with defined contribution (DC) pension schemes - a 30-year-old has seen his or her expected retirement income slashed by over £800, or 4%, over the past three months from £19,238 to £18,399 per annum. A 60-year-old has seen his or her expected retirement income fall 2% from £12,194 to £11,976, whilst a 65-year-old has also suffered a 2% de...