Pension payouts plunge

Pension payouts are continuing to slide, inflicting more gloom on those approaching retirement.
A 60 year old man with a pot of £100,000 will get an annual income of £6,180 from the best annuity from Saga.
Last year he would have got £260.00 more.
Smokers have been the hardest hit along with those with medical conditions. Much of this has been brought about by the fall in gilt prices and is being exasperated by the Greek economic crisis. Along with the trend of increasing life expectancy