The US Federal Reserve hat yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.
The after effects of the Bank of England's quantitative easing (QE) programme will continue to plague annuity rates for "many generations" to come, according to MGM Advantage.
Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.
The FTSE 100 has jumped almost 1% after former US Treasury secretary Larry Summers withdrew his candidacy to replace Federal Reserve chair Ben Bernanke next year.
Mark Carney has moved to defend the Bank of England's 'forward guidance' policies and said further stimulus may be necessary keep the UK economic recovery on course.