September 30, 2004
UK pensions: plummeting payouts mean crisis goes on
The introduction of Sandler smoothed products may be a glimmer of hope for the with profits pensions market with greater policy transparency potentially rebuilding consumer confidence. However, a fall in value of even the best performing pension fund to the tune of GBP35,000 for a 25 year, GBP100 per month premium bond has, unsurprisingly, set alarm bells ringing.
Posted by Tom Troceen