Several hardworking employees in the UK have voiced concerns that that the low rate of annuities have made it an unacceptable and investment option for their pension savings.

The negative attitude towards investing in annuities could seriously impact the recently launched auto-enrolment pension programme in the UK. A survey has shown that annuity rates have fallen s much as 7 per cent during a three month period.

Experts say that the reports indicating fall in annuity rates are worrying. Estimates show that the value of pension annuities has fallen as much as 20 percent in the previous three years. The fall shows the level of fall in income for workers approaching retirement. Many believe that the fall is mainly due to the government's programme of money-printing.

As many as 800,000 baby boomers are expected to reach the age of 65 this year. The lower annuities would mean lower retirement payouts and a less comfortable retirement for the people in the UK. Pensioners get annuity monthly income after their pension pots from private pensions and many company pensions are used.

Monetary experts say that the Bank of England's £375billion money-printing policy is to be blamed for the fall in the level of annuity in the country.