Deflation Impacts Annuities in UK
There are many concerns about inflation in light of recent government stimulus programs, but deflation can also be a concern for owners of annuities. In the UK, owners of inflation linked annuities are being impacted by the biggest monthly drop in the retail price index since 1948: "Standard Life has already written to its 25,000 customers with RPI-linked annuities to warn them that their income is set to fall, and similar annuities from Prudential will also pay out less." Source: Financial...
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