Confidence counter

The difference between standard rates is now 12 per cent, meaning some pensioners are getting poor returns on their pension, according to Aston Goodey, sales and marketing director at MGM Advantage.

He said: “Given the uncertainty in the market at present, it is worth remembering that customers who are looking to secure a sustainable income for life face the same decisions as they did before the Budget, and are unlikely to get a different outcome until after 2015.”

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