Summary
Average pension payouts dropped by another 2.7 per cent last year, the third consecutive annual fall, new figures show.
The rates paid on annuities, which convert pension funds into a guaranteed retirement income, have now been slashed by almost half in just 16 years, according to Investment Life & Pensions Moneyfacts.See the full content of this document
Extract
Pension Payouts Fall for Third Year in a Row
It said the annuity rate available to the average male retiring now...
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