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Retirement income to fall as Bank of England embarks on another round of Quantitative Easing The purchase of £50bn worth of gilts will cause annuity rates to fall to new lows.
Retirement income to fall as Bank of England embarks on another round of Quantatitive Easing The purchase £50bn worth of gilts will cause annuity rates to fall to new lows.
Bank of England holds base rate at historic low of 0.5% as it prepares for new £50bn quantitative easing plan The Bank voted to increase quantitative easing - effectively printing more cash - despite the risk of higher inflation.
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