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Retirement Planner's round-up of the top pension stories this week.
The average pension saver has lost £2,750 a year from their future income in retirement over the last year, research finds.
Annuity rates have fallen across the board for December as gilt yields have plunged to record lows.
Other Alexander Forbes articles
The average worker in a defined contribution (DC)pension scheme has lost £1,300 a year of future retirement income in the last six months, Alexander Forbes said.
The average worker saving into a defined contribution (DC) pension will be £10,000 a year worse off in retirement than those saving at the same rate in 2000, Alexander Forbes says.
Annuity rates across the board have risen slightly over February, according to Alexander Forbes Annuity Bureau.
Aviva holds the top spot for level annuity rates this month, despite dropping £20 over October to £5,970 per annum.
Smokers annuity rates rose in October after months of inactivity but RPI linked and level products were cut, according to Alexander Forbes Annuity Bureau.
What issue do you think should be the new work and pension secretary’s main priority?
Annuity rates tumbled in April after a brief period of stability during the winter, according to Alexander Forbes Annuity Bureau.
Annuity rates could be about to fall on the back of currency concerns, after several months of stability, according to Alexander Forbes.
Level annuity rates are holding steady in July with several firms vying for top of the table, Alexander Forbes Annuity Bureau says.
Alexander Forbes Financial Services has unveiled a free guide on investment diversification for pension scheme trustees and employers.
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