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Laura Suter, the head of personal finance at AJ Bell, claims because of the rise in interest charges, borrowing prices are dearer.
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Laura Suter, head of personal finance at AJ Bell mentioned: "I'll put a caveat here that forecasting desire premiums is nearly impossible.
"Higher desire premiums are really undesirable news for pensions savers, it would not help Individuals who have currently started off drawing out of their pension, but it would help folks wanting to lock into an annuity at current much better stages."
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