General Insurance Article - LV= comment on the UK entering deflation

 "However, many retirees rely on the interest paid on their savings to boost their retirement savings and the prolonged period of low interest rates means many still struggle to make ends meet. 

  

 “Low interest rates have a negative impact on the interest that can be earned on cash as well as leading to lower annuity rates. The pension freedoms that came into force last month gave retirees greater freedom. However, before moving money into cash we would encourage anyone to seek advice to help them understand how best to achieve the level of retirement income and flexibility they would like to achieve.”