Save our elderly

This may be true, 10 years ago a £100,000 pension pot would buy you annual income via an annuity of £16,000 a year. Today with current annuity rates the same £100,000 may purchase you an annuity of £6,000 a year or less, that is a vast difference and the reasons stated by the insurance company actuaries is long life expectancy and lower interest rates, that is fine but what can be done to help the people who are in this situation?

Published by Lazy mans work.

Living in England, contactable via e-mail details on request

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: