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Lower Income For Those Retiring in 2012?

19803722_mIt’s been reported by the BBC that people retiring throughout 2012 are expecting their pensions to be the lowest in recent years.

The expected annual income of a retiree is now £15, 500 – according to a survey by the Prudential Insurance Company of over 1, 000 people.

The latest figures show a huge drop in pension expectations. Just four years ago in 2008 it was over £3, 000 higher.