Pick wrong retirement month and lose

With market volatility proving the new norm, investments of all kinds are being hit one day and soaring the next, and the impact of this is being sorely felt by one keenly interested group – private pension holders.

Because the unpredictability of the markets is affecting annuity rates paid on pensions and this can make a massive difference to the annual income you can expect upon retirement depending on which month you choose to take the plunge.