Three things we learned this week

Annuity rates drop 29% since Bank of England began QE Annuity rates have declined by 29% since the introduction of the Bank of England's quantitative easing programme, AXA Life Europe has found. 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. To read more click HERE Friends Life partners with Key Retirement Sol...