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borrowing from annuities News

Pension income driven down by Bank printing extra money
The Bank of Englandâ€™s emergency programme of printing money to support the economy has helped push pension incomes to record lows, its own figures showed yesterday.

Lenders' extra cash isn't reaching us, warn small firms, as Bank of England pumps another Â£50bn into the economy
Further quantitative easing was announced yesterday to desperately avoid a double-dip recession but experts say it will also substantially reduce the amount of cash many will receive in retirement.

St. Paul insurance salesman accused in scam of 2
A St. Paul insurance salesman was accused Tuesday of scamming two older men, including a retired St. Paul police officer, by selling them unsuitable investments he was not licensed to sell.

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