With annuity rates hitting 20-year lows, people reaching retirement age face a stormy future, writes Billy Burrows, director of Better Retirement Group.
Annuity rates have been falling almost continuously since 1990, the year in which I first started keeping records of them. In 1990, the annuity rate for a 65-year old man was more than 15.5%; today it...
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Responding to letter from Treasury Committee chair Nicky Morgan