Property News · August 4, 2016

UK interest rate cut is a 'hammer blow' for workplace pensions


Pension payouts could fall to record lows as companies see cost of maintaining final salary schemes soarPension savers could be big losers from the Bank of England rate cut, as critics warned of a “hammer blow” to workplace schemes and forecast that pension payouts would fall to record lows.Within minutes of the Bank’s decision to cut the base rate to 0.25%, yields on government bonds, otherwise known as gilts, dived to all-time lows. Continue reading…

Source : theguardian.com
Read more…UK interest rate cut is a ‘hammer blow’ for workplace pensions

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