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Pension Payouts Slip Back
05/08/2011
It was recently reported by Better Retirement Group for This is Money that annuity rates have dropped by 0.67% in the last 3 months. This should not overly concern individuals as the summer is typically quiet for annuity rates.
Over the last 20 years annuity rates have dropped from around 17% to nearly 6%. Much of this is as a result of the returns on 'gilts' or Government Bonds.
Debt problems in Greece, Italy, Spain, and a €78billion bailout for Portugal in May have hit markets.
Homeowners aged over 55 years who are concerned about their pension and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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