Pension from a 100,000 pot "halved since 1995": Annuities fall to less than 5,000 a year after rates hit record low

Pension from a 100,000 pot 'halved since 1995': Annuities fall to less than 5,000 a year after rates hit record lowReport highlights nightmare facing generation of older workersFall is due to lower interest rates on corporate bonds and gilts and rising life expectancy An annuity is income paid on monthly basis when pension pot is cashed in By Becky Barrow PUBLISHED: 22:41 GMT, 9 January 2013 | UPDATED: 02:02 GMT, 10 January 2013 The monthly income from a pension pot of 100,000 has halved in the past 18 years, a study has warned The income from a 100,000 pension pot has more than halved in the past 18 years, a damning study reveals today. In January 1995, a 65-year-old worker could have bought himself an annuity – an income for life – of 11,380 a year. Today a man of the same age, who has worked throughout his life to save the same amount, would get an annuity of just 4,920 from an insurance company – a fall of 57 per cent

Car insurance for women up 15% as new EU gender rules kick in next week

Car insurance for women up 15% ahead of new EU gender rules kicking in next week | UPDATED: 18:00 GMT, 14 December 2012 Car insurance quotes for women are up 15 per cent, or 114 on average, ahead of new European 'gender neutral' rules which kick in next week. A car insurance quote for women is now 862 on average – up from 748 six weeks ago, according to price comparison website Gocompare.com