I this about savers not being able to live of the returns generated from their pensions.</p>
Questions And Answers
'Retirement Recession" whats it mean
asked by Kevin Campbell posted 3 Years ago at 13:55
1-4 of 4 Answers
Jennie H answered 3 Years ago at 16:29, last modified: 2 Years ago at 14:56I think your referring to savers that are left with insufficient funds to cover them in their retirement. A lot of the issues relate to low paid workers not being able to save enough for their retirement. People that solely rely on state pension will possibly find themselves short in retirement
Neil Ledbrook answered 3 Years ago at 17:10, last modified: 2 Years ago at 14:56It can also refer to the fact that stockmarket falls in recent years have depleted pension funds and savings. Also, current low annuity rates mean that pension funds can buy less income in retirement.
Its also linked with people in retirement having much lower income from deposit accounts, with interest rates so low.
Jennie H answered 3 Years ago at 20:11, last modified: 2 Years ago at 14:56Neil, would Open Market Options also help a bit here and people understanding this better?
Neil Ledbrook answered 3 Years ago at 9:57, last modified: 2 Years ago at 14:56Absolutely. There are a few articles on my website which may be of interest on this subject......
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