Annuity rates drop 29% since Bank of England began QE

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 easing, the same pension pot would have offered £3,580 in the second quarter of this year - equivalent to £1,460 per year less. Over 25 years, the difference between an income of £3,580 and £5,040 adds up to a significant £36,500. People, who converted their pension into an annuity in the second quarter of 2007 when annuity rates were at their most recent peak, would have an annual income of £5...