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ABI welcomes BoE hold: change "could have added to downward pressure" on annuities

Responding to today’s decision by the Bank of England, Yvonne Braun, Director of Long-term Savings and Protection policy at the Association of British Insurers (ABI), said:

"Savers and customers considering buying an annuity will welcome the decision by the Bank of England not to further ease monetary policy today. Sustained quantitative easing combined with continued low interest rates is one of the main factors keeping annuity rates low and further action by the Bank of England could have added to the downward pressure."

Last updated 15/11/2016